David Senna
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Bullish
Possible formation of cup with handle at $BTC ☕️
In the daily chart, Bitcoin has been showing a structure that resembles the cup and handle pattern, a classic movement in technical analysis that may indicate a continuation of the uptrend — if confirmed.
After forming a bottom in the $74,500 region, the price returned to the $95,900 zone, where it encountered resistance. Now, it seems to be sketching the famous 'handle', with a slight healthy correction so far.
⚠️ Important: this pattern is only validated with a clear breakout of the resistance and an increase in volume ⚠️
If this occurs, the technical target may project a more significant continuation — but, for now, the scenario is still under construction.
Let's keep an eye on it!$BTC
#BTC #Bitcoin ##SaylorBTCPurchase #cupandhandle
In the daily chart, Bitcoin has been showing a structure that resembles the cup and handle pattern, a classic movement in technical analysis that may indicate a continuation of the uptrend — if confirmed.
After forming a bottom in the $74,500 region, the price returned to the $95,900 zone, where it encountered resistance. Now, it seems to be sketching the famous 'handle', with a slight healthy correction so far.
⚠️ Important: this pattern is only validated with a clear breakout of the resistance and an increase in volume ⚠️
If this occurs, the technical target may project a more significant continuation — but, for now, the scenario is still under construction.
Let's keep an eye on it!$BTC
#BTC #Bitcoin ##SaylorBTCPurchase #cupandhandle
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