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After an inverted cup and handle chart pattern, the subsequent pattern can vary, but typically, the pattern form a continuation of a bearish trend. Here are some possible chart formations that might follow an inverted cup and handle:

1.Downtrend Continuation: The price continues to move downward as the bearish sentiment persists.

2.Consolidation or Sideways Movement: After the initial drop, the price may enter a consolidation phase, moving sideways before deciding on the next direction.

3.Double Bottom: The price might form a double bottom pattern, indicating potential support and a possible reversal to the upside.

4.Descending Triangle: This pattern indicates a continuation of the downtrend, with lower highs and a flat support level.

Note =The specific formation will depend on various factors, including market conditions and trader sentiment.

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Fed Chair Powell Issues ‘Critical’ Warning, Sparking Sudden $60,000 Bitcoin Price And Crypto Crash

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Bitcoin -2.6% has suddenly crashed back toward $60,000 per bitcoin after one billionaire bitcoin buyer revealed they've flipped on bitcoin.

The bitcoin price has struggled over the last month, dropping almost 15%, as fears of a "true correction" swirl.

Now, after one of the biggest bitcoin bulls has said the cryptocurrency could eventually replace the U.S. dollar, Federal Reserve chair Jerome Powell has warned of a "critical period" for the Fed, calling deficit levels "unsustainable."

"The level of debt we have is completely sustainable but the path we are on is unsustainable," Powell said during the European Central Bank's Portugal conference, it was reported by the Financial Times, adding the Biden administration was taking excessive risks by "running a very large deficit at a time when we are at full employment" and said "you can’t run these levels in good economic times for very long."

In May, Treasury secretary Janet Yellen issued a serious warning over the spiralling $34 trillion U.S. debt pile that some think could help propel the bitcoin price to $1 million over the next 18 months.Bitcoin, crypto and stock market traders have been closely watching the Fed for signs it will begin cutting interest rates in recent months, with analysts forced to dial back expectations of around seven cuts in 2024 to just one or two.

"Getting the balance on monetary policy right during this critical period, that’s really what I think about in the wee hours," Powell said in response to a question about his top worries, the AP reported.

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Ethereum Price Rises Amid Increase In Addresses
Crypto analyst Ali Martinez has pointed up a significant rise in the number of Ethereum addresses holding 10,000 or more Ethereum coins in recent events within the Ethereum (ETH) ecosystem. Martinez pointed up that this suggests a change from distribution to accumulation. According to this observation, big Ethereum holders' sentiments have changed significantly.

The most recent increase in accumulation is timed to coincide with the recent Ethereum priceincrease, which has been supported by the acceptance of Ethereum spot ETF applications. The increase in Ethereum coins holdings among these big addresses suggests that institutional and large-scale investors are growing more and more upbeat about Ethereum's future.
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