Bitcoin Weekly Forecast : Bullish Cup & Handle Pattern**
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Bitcoin's weekly chart is showcasing a classic "Cup & Handle pattern", a well-known bullish indicator in technical analysis. This pattern typically signals a continuation of the upward trend, suggesting a potential price rally soon.
Conclusion :
With this textbook Cup & Handle formation, technical analysis points to a strong bullish outlook for Bitcoin.
Advice for Traders and Investors :
- Keep an eye on the confirmation of the pattern before entering new positions.
- Set clear take-profit targets in case of a breakout.
- Always manage risk by setting stop-loss levels.
Buckle up for a potential rally!