According to technical analysis, this pattern indicates the continuation of the previous bullish trend, and would lead us to prices of $200K by 2025.
The Cup & Handle pattern is indeed a fairly relevant technical formation in financial markets, including Bitcoin. This pattern, if confirmed, usually signals a bullish continuation of the previous trend. Here are some key points about this analysis:
What is the Cup & Handle pattern?
1. Cup: It is a rounded formation that shows a gradual correction followed by a recovery, indicating consolidation.
2. Handle: It is a small correction or downward range after the "cup", before a definitive breakout to the upside.
Implications for Bitcoin
Long-term projection: If the pattern completes and is confirmed with a break of the key resistance level, it could indicate a bullish move towards $200K in 2025.
Volume: It is important to monitor a significant increase in volume during the breakout to validate the move.
Risks: Although this pattern has a high probability of success, macroeconomic, regulatory and adoption conditions will also influence its fulfillment.
Recommendations:
1. Support and resistance levels: Clearly identify the upper level of the “handle” as key resistance. If it is broken, it could be a good point for a strategic entry.
2. Risk management: Use tools like stop-loss to mitigate losses if the pattern fails.
3. Continuous monitoring: Bitcoin movements are often influenced by global news, so it is vital to stay on top of any significant events.
We must pay attention to the key dates: January 15, January 20.
This is a personal opinion, if you need to invest you should do your own research.
@orangelgilCrypto