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Bitcoin "Cup and Handle" Pattern Emerges: A Bullish Trend on the Horizon?
Bitcoin "Cup and Handle" Pattern Emerges: A Bullish Trend on the Horizon?From a technical analysis perspective, Bitcoin's weekly chart is exhibiting a pattern known as the "Cup and Handle," which typically signals an upward price trend after the pattern's full formation. However, it's important to note that before a breakout and new all-time high, a minor pullback often occurs, gathering momentum for the subsequent rally
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Bitcoin has reached a critical moment, a critical point! This week's unveiling, will the Mavericks renew their cup or plummet!
It has been three months since Bitcoin was adjusted from 31850 on July 13th, and it is currently hovering around 27000 points.In terms of time, three months is enough for a weekly adjustment; However, structurally speaking, only one daily decline has been completed, and currently in the midst of a daily rebound (it is uncertain whether it will end), structurally it is clearly not enough!Those who have read the previous article should feel that this is a crucial situation! Because on a weekly basis, if the daily rebound cannot exceed 31850, then it is the daily second selling! From a daily perspective, the four hour rebound has completed four segments, up and down
