Potential Cup and Handle on BTC/USD (1W): Bullish Outlook
It looks like we might be seeing the classic "cup and handle" pattern forming on the BTC/USD weekly chart. This pattern typically signals a bullish continuation, suggesting that after a period of consolidation, we could see a significant upward move.
Key Points:
In this scenario, the breakout could potentially push BTC/USD towards the $80,000 level or higher. As always, it's crucial to watch for confirmation of the breakout and consider volume and other technical indicators for additional support.
Key Points:
- Cup Formation: The rounded bottom (cup) indicates a period of accumulation where buyers are gradually gaining control, pushing the price higher.
- Handle Formation: The handle is a brief consolidation phase following the cup, often taking the form of a small downward or sideways movement.
- Breakout Potential: Once the price breaks out above the handle's resistance, it usually leads to a strong upward trend.
In this scenario, the breakout could potentially push BTC/USD towards the $80,000 level or higher. As always, it's crucial to watch for confirmation of the breakout and consider volume and other technical indicators for additional support.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.