BTC Breaks Weekly Cup & Handle Pattern and Heads Strongly for $100K
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- The cup and handle pattern is like a double signal. The “cup” shows a steady recovery from a decline, while the “handle” shows a bit of consolidation or pause before the next move up. And when this pattern appears on the weekly chart? It’s a pretty strong indicator that BTC may have more room to run.
- Currently, BTC has just broken through a key resistance level. Some analysts think that this breakout could be the start of a journey to $100K. It’s not just a big number, 100,000 would be a historic milestone and could attract more interest from investors and institutions.
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In conclusion, BTC weekly chart is flashing green, but stay alert! This could be an exciting time, especially if BTC really moves towards the 100K target.
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Keep your eyes on the bulls this time, good luck guys
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