#BTCBelow80K
Bitcoin Weekly Chart Analysis – Cup & Handle Breakout
Pair: BTC/USDT (1W timeframe)
Current Price: $75,166
Change: -4.10%
Technical Pattern:
Bitcoin has formed a textbook Cup & Handle pattern on the weekly timeframe, which is typically a bullish continuation structure. The breakout above the neckline around $73,666 confirms bullish momentum, and price is now entering a potential retest zone.
Key Levels:
Neckline / Breakout Zone: $73,666 (acting as immediate support)
Support Range:
$74,467 (Minor Support)
$69,183 (Major Retest Support Zone)
Resistance Levels / Target Zones:
TP1: $88,000
TP2: $100,000 (Psychological Level)
TP3: $130,000
TP4 (Extended Target): $160,000
Trade Setup Idea (Swing Position):
Entry Zone: $74,500 – $70,000 (Buy the Dip / Retest Zone)
Stop Loss: Below $67,000 (Structure Invalidation)
Target Zones: TP1 to TP4 as mentioned above
Risk/Reward Ratio: Favorable (2.5+)
Summary:
Bitcoin has successfully broken out of a long-term Cup & Handle pattern and is currently retesting the breakout zone. As long as BTC holds above $69,000, the structure remains bullish and targets as high as $130K–$160K are technically valid in the coming months. This is a high-confidence swing setup supported by price structure and long-term momentum.
Note:
There is no level on daily 4h 1h to analysis the chart we have to see bigger time frame for proper anwlysis#dyor
Bitcoin Weekly Chart Analysis – Cup & Handle Breakout
Pair: BTC/USDT (1W timeframe)
Current Price: $75,166
Change: -4.10%
Technical Pattern:
Bitcoin has formed a textbook Cup & Handle pattern on the weekly timeframe, which is typically a bullish continuation structure. The breakout above the neckline around $73,666 confirms bullish momentum, and price is now entering a potential retest zone.
Key Levels:
Neckline / Breakout Zone: $73,666 (acting as immediate support)
Support Range:
$74,467 (Minor Support)
$69,183 (Major Retest Support Zone)
Resistance Levels / Target Zones:
TP1: $88,000
TP2: $100,000 (Psychological Level)
TP3: $130,000
TP4 (Extended Target): $160,000
Trade Setup Idea (Swing Position):
Entry Zone: $74,500 – $70,000 (Buy the Dip / Retest Zone)
Stop Loss: Below $67,000 (Structure Invalidation)
Target Zones: TP1 to TP4 as mentioned above
Risk/Reward Ratio: Favorable (2.5+)
Summary:
Bitcoin has successfully broken out of a long-term Cup & Handle pattern and is currently retesting the breakout zone. As long as BTC holds above $69,000, the structure remains bullish and targets as high as $130K–$160K are technically valid in the coming months. This is a high-confidence swing setup supported by price structure and long-term momentum.
Note:
There is no level on daily 4h 1h to analysis the chart we have to see bigger time frame for proper anwlysis#dyor
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
93,920
-1.39%