Cup and handle in BTCUSD
2024-11-30

A cup and handle spotted in BTCUSD !

"I've identified a Cup and Handle reversal pattern in the BTC market. The cup formation, which began at $1,950, represents a rounded bottom with a clear buying interest. The subsequent handle, currently forming between $1,920-$1,930, indicates a consolidation phase prior to a potential breakout.

Key technical levels:

Resistance: $96721 (cup rim)

Support: $94748 (handle base)

Breakout target: $10000 (measured move)

A successful breakout above the cup rim could confirm the reversal, triggering a new uptrend in BTC."

BEST WISHES TOM 😎