$BTC Bitcoin’s weekly chart shows a strong cup-and-handle pattern, a formation that typically signals a bullish continuation. Currently testing the resistance zone around $76,300, $BTC could experience a significant rally if it successfully breaks through. With increasing volume and a well-defined support level below, this setup is drawing attention from traders looking for potential gains.
Short-Term Prediction: If Bitcoin surpasses this resistance, it could target $85,000 and beyond.
Long-Term Outlook: Breaking this resistance could set $BTC up for a continued uptrend through 2024.
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