Bitcoin Breakthrough! Cup and Handle Pattern Breaks, Targeting $97,000!

Bitcoin (BTC/USD) has recently exhibited a cup and handle pattern, forming a circular accumulation followed by a healthy market consolidation. After breaking through key resistance, the short-term target points to $97,073.75, and a strong rebound is expected.

Technical Analysis:

Cup and handle pattern confirms bullish trend

After breaking resistance, prices may continue to rise

Need to monitor volume to confirm upward momentum

If prices fall back below the resistance level, the validity of the breakout needs to be reassessed.