BTCUSDT: Cup and Handle Pattern Signals New Bullish Wave?
2024-09-25

Hi everyone!

After breaking above the $64,000 resistance level, Bitcoin appears to be forming a cup and handle pattern. This could signal a strong bounce, taking the price higher, around $64,749. However, to confirm this pattern, I will need to watch for a short-term correction before the price can continue to break out. The RSI is currently above 58, indicating that the bullish momentum is still very strong. Going forward, Bitcoin could continue its uptrend, and I will consider a reasonable entry point to optimize profits.