Is This the Path to 100K BTC?
BTC appears to be setting up for a potential Cup and Handle formation, a classic bullish pattern that could propel the price past the much-anticipated 100K mark.
The formation is incomplete but nearing a critical stage; a breakout above the handle’s neckline zone would confirm the pattern. Both short-term and ultimate targets are highlighted on the chart for guidance.
However, caution is advised as rising selling pressure could hinder this setup. Be prepared to manage risk effectively in case the pattern fails to materialize.
Share your thoughts on this structure, and let’s discuss its potential!
The formation is incomplete but nearing a critical stage; a breakout above the handle’s neckline zone would confirm the pattern. Both short-term and ultimate targets are highlighted on the chart for guidance.
However, caution is advised as rising selling pressure could hinder this setup. Be prepared to manage risk effectively in case the pattern fails to materialize.
Share your thoughts on this structure, and let’s discuss its potential!
Note
If bull manage to break the neckline we should expect a moving path like this.
Note
Do you guys like the precision on this analysis, let me know how you feel.Note
We should move all stop loss above entry if you follow us with the new setup.Note
We are still tracking the progress of this setup.
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