🔥 Bitcoin fell to $58,000 as whales sold off. On-chain data shows that much of this move came from large players — those holding between 1,000 and 10,000 BTC. This whale activity could create a ripple effect. As large holders dump their Bitcoin, it could spook other investors, leading to a temporary local selling cascade that would drive prices down even further.

🎯 But globally, BTC has been forming a massive “Cup and Handle” on the daily/weekly chart since 2022. A “Cup and Handle” is a bullish chart pattern in Bitcoin trading that resembles a cup and handle. It typically consists of a rounded bottom (the cup) followed by a small downward drift (the handle), indicating a potential upside breakout.

🚀In fact, BTC continues to consolidate in a nearly six-month price range that is becoming increasingly narrow and makes an upward breakout inevitable…