Is This the Path to 100K BTC?

semalam

BTC appears to be setting up for a potential Cup and Handle formation, a classic bullish pattern that could propel the price past the much-anticipated 100K mark.

The formation is incomplete but nearing a critical stage; a breakout above the handle’s neckline zone would confirm the pattern. Both short-term and ultimate targets are highlighted on the chart for guidance.

However, caution is advised as rising selling pressure could hinder this setup. Be prepared to manage risk effectively in case the pattern fails to materialize.

Share your thoughts on this structure, and let’s discuss its potential!

17 jam lalu

Nota

If bull manage to break the neckline we should expect a moving path like this.

12 jam lalu

Nota

Do you guys like the precision on this analysis, let me know how you feel.

12 jam lalu

Nota

We should move all stop loss above entry if you follow us with the new setup.

11 jam lalu

Nota

We are still tracking the progress of this setup.

23 minit lalu

Nota

Yesterday, the price successfully broke a critical resistance level, confirming the activation of a cup-and-handle pattern. Currently, we are observing a potential ABC corrective wave, which may precede the continuation of the bullish rally.