On the 1-week time frame, BTCUSDT is showing a classic cup-and-handle pattern, signaling a strong bullish trend. This technical formation often indicates a potential for significant price increases after a consolidation phase, which appears to be happening now. The Relative Strength Index (RSI) is also trending upward, further supporting this positive outlook. This momentum in RSI typically suggests increasing buying pressure, which aligns well with the current market setup.
Based on this analysis, BTCUSDT is likely to revisit the support zone around 85,629.28 for a retest. This level could serve as a solid base before another upward movement. If BTCUSDT confirms support here, it could act as a springboard, driving the price even higher. With this foundation in place, BTCUSDT may be poised to rally to a target zone around 125,121.92, representing the next major resistance level in this bullish cycle.
Considering these indicators—the cup-and-handle pattern, rising RSI, and potential retest support—there is a strong probability of upward movement. While markets are never entirely predictable, the technical signals currently align for a significant potential upside in BTCUSDT’s trajectory.
1st Entry Price- 84932.36 or Market Price (JOIN MY LIVE STREAM FOR PREMIUM SIGNAL)
2nd Entry Price- 75000.00 (DCA Price)
1st tp- 100000.00
2nd tp- 110804.72
3rd Tp- 118781.76
4th Tp- 124935.48
leverage 4x
sl- 67500.78
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