"Weekly $BTC Chart: Cup and Handle Breakout in Play!"
Hey Binance Square community! 👋
Bitcoin has just broken the neckline of a classic Cup and Handle pattern on the weekly chart—a highly bullish setup that could signal massive upward potential!
📊 Key Levels to Watch:
1️⃣ Neckline Breakout: Confirmed above $65,889.8.
2️⃣ First Target: $100,937—aligns with the height of the cup, Second Target :111,404
3️⃣ Maximum Targets Range: $164,608 to $204,422—potential maximum projection if the momentum continues.
🚀 What This Means:
Breaking the neckline is the first step in confirming this pattern’s strength. Historically, Cup and Handle breakouts are followed by sustained bullish trends, especially on higher timeframes like the weekly chart.
🔍 Next Steps:
Watch for a retest of the neckline as support—it could offer a prime entry point.
Monitor volume for confirmation—higher volume boosts breakout reliability.
📌 See the chart attached for a visual breakdown.
💡 If you want to stay ahead of BTC’s next moves and learn how to trade these setups effectively, follow me for regular updates and insights!
What do you think? Are we heading for $164K or higher? Let’s discuss in the comments below! 💬
