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!
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