1. Retest of all time high is happening too quick and there will be sellers here as some may also confuse this area as a double top. I am long BTC and even I would hesitate to buy right now.
2. I think BTC can have a strong support at or around a trillion dollar market cap 53-54k, creating the cup of the pattern.
3. Assuming this is a cup and handle in the works, the target price would be around 73k on a confirmed break.
2. I think BTC can have a strong support at or around a trillion dollar market cap 53-54k, creating the cup of the pattern.
3. Assuming this is a cup and handle in the works, the target price would be around 73k on a confirmed break.