#Bitcoin'nin MONTHLY ANALYSIS!
🟢 CUP HANDLE FORMATION
#btc. 2024 target prices:
$83,000
$90,000
$102,000
$122,000
Friends, I would like to show and explain to all of you a chart that most Cryptocurrency investors overlook. Please read until the end 👇🏻
✔️ I have 1 good and 1 bad news for you. Let me start with the bad news first. Friends, I noticed that there is a very clear cup handle formation on the monthly chart of #BTC. If the formation movement on the chart occurs,#Bitcoinmay remain horizontal for 1-2 months and continue to relax around 57 thousand dollars or even up to 52 thousand dollars. Do not be afraid. A possible drop to 57-52 thousand dollars will be great for the medium term. So, if you ask what the good news is, if Fincan's KULP formation does not work, we will neither see horizontal movements for 1-2 months nor 60 thousand dollars gold. But we need only one thing. In order for the price to not form the Cup's HANDLE, it must close WEEKLY AND MONTHLY above the previous ATH level of 69 thousand dollars! If it can do this,#Bitcoinwill neither move below 60 thousand dollars gold nor horizontally for 1-2 months, as I said. If we see the closings we want, only the FINCAN formation will come into play and we will test the 100 and 120 thousand dollars levels this year without any change in the formation target.
If there is a WEEKLY CLOSE above the ATH level, that is, above 69 thousand dollars, the 83 thousand dollar level is the CLOSEST RESISTANCE level. From now on, our target prices will be our Fibonacci resistance levels. Because the resistance levels of a parity after ATH can only be learned through Fibonacci. Don't forget this.
Don't believe those who say it will fall.
