Bitcoin Weekly Analysis:
Pattern: A Cup and Handle pattern is forming on the weekly chart.
Support Level: The key support zone is between $38,000 and $40,000.
Targets:
Short-term: $40,000
Mid-term: $100,000
Long-term: $130,000 to $150,000
Risk: If Bitcoin falls below $38,000, thereâs a higher risk of further drops, but a crash down to $1,000 is very unlikely unless there's a major market crisis.
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