BTCUSDT Approaches Resistance with a Cup and Handle Pattern
2024-11-16

Bitcoin (BTCUSDT) is showing signs of bullish momentum as it approaches the critical resistance level of $92,839. The formation of a classic "Cup and Handle" pattern suggests the potential for an upward breakout. This bullish setup is often a precursor to significant price gains if confirmed by a clear breakout above the resistance.

Currently trading around $91,471, BTC has maintained steady upward movement supported by key zones of demand. If the handle structure completes and BTC successfully breaks above $92,839, the next targets could extend well beyond $94,000.