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Bitcoin Handle Forming Quicker than Expected. Will This Play Out?
#bitcoin #btc #btcusd #crypto #cryptocurrencies #altcoins #technicalanalysis
My anticipated Cup and Handle pattern looks, indeed, to be forming. The question remains on whether it will play out or not. If bulls are able to break that neckline at $24,200 then, over the next few weeks to months, I do expect them to continue to pull Bitcoin towards that target of 33-35k. Seems hard to believe I know but this is what the technicals on the chart are showing. Watch closely and trade accordingly. I will begin regularly trading again should we break that handle neckline.