đ Bitcoin's Cup-and-Handle: Ready for Lift-Off? đ
Bitcoin (BTC) is brewing a classic "cup and handle" pattern, hinting at a potential breakout to the $100K-$150K range by early 2025. This bullish formation is like a fine wine, maturing since its peak in late 2021. đ·
Key points:
- Cup's bottom: ~$15K
- Resistance: ~$65K
- Projected target: $110K-$130K
Analyst Nestay calls BTC a "ticking time bomb," with indicators like Bollinger Bands and RSI showing oversold conditions. Plus, the Crypto Fear & Greed Index is in "fear" modeâhistorically a precursor to big moves.
What do you think? Is BTC ready to explode? Share your thoughts below! đŹ
(Note: This isn't financial advice. Do your own research!)