Bitcoin Potential MEGA Move to Re-test 69k
Bitcoin presents a significant Cup and Handle pattern, previously discussed in a livestream. The breakout beyond the Neckline marks completion of the Handle, now serving as immediate support and demand.
Our observations denote two potential Bitcoin movements, A and B:
Scenario A: Sustained support at the Handle's target zone may prompt an upward rally. Immediate resistance stands at 48k-50k.
Scenario B: Rejection from the 48k-50k resistance might initiate a correction towards the Neckline, a critical support zone around 31k.
Both scenarios remain possible, and ongoing updates will track market developments.
Thank you for your attention.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Fed Signals Rate Cut: Crypto Shorts Liquidated

Jim Cramer Plans Ethereum Purchase for Family Hedge

Senator Lummis Pushes for Crypto Bill Passage by December

Jim Cramer to Invest in Ethereum and Bitcoin

Trending news
MoreCrypto prices
More








