BTC 1W cup and handle to 120K

12 nov.

The Cup and Handle pattern on Bitcoin’s weekly chart suggests a strong bullish setup with a target of $120,000. The rounded cup indicates a period of consolidation, where sellers lost strength and buyers gradually returned. Following this, the handle provided a final consolidation phase, setting the stage for a breakout. Given the strength of this pattern, I expect Bitcoin to continue its upward trajectory toward the $120,000 target in the coming months.