BTCUSD is forming a classic “cup and handle” pattern, now breaking above key resistance. Price is holding within an upward channel, and if momentum stays strong, the next target could reach 160,000 and beyond.
It might seem hard to believe, but the structure points to continued bullish momentum. I’m not missing this opportunity and continue to build long positions as this breakout develops.
It might seem hard to believe, but the structure points to continued bullish momentum. I’m not missing this opportunity and continue to build long positions as this breakout develops.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.