Bitcoin breaking by March 16 - Cup and handle pattern

Bitcoin (COINBASE:BTCUSD)

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COINBASE:BTCUSD Bitcoin

trendanalysis bitcoin btc cup handle breakout

Expected downside movement in coming days to 52K level, followed by upward movement towards 58K level to break out above.

Commentaire:

Bottom target hit of ~ 52K. Now forming the cup of the cup and handle pattern. Looking for the break out in coming week to previous top of 61794. Need to see break out above ~ 61.7K with strong volume to confirm cup and handle pattern

Commentaire:

Need to see green daily candles close and reach neck line of cup and handle by ~ March 22 to confirm pattern.

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