BTC: Cup and Handle Signals Potential Bullish Breakout to $100k

Embark on a journey through the fascinating world of BTC price analysis! As per my meticulous examination, Bitcoin (BTC) is currently in the midst of a compelling cup and handle pattern formation. The cup is now elegantly sculpted, hinting at a forthcoming handle formation. According to Fibonacci retracement levels, BTC is poised to retrace to the 51,500 to 53,200 range, with robust support anticipated around the 52k mark, representing the 0.618 Fibonacci level. Keep a keen eye on the 1-hour to 4-hour timeframes for pivotal bullish signals like bullish divergence and bullish candle formations, crucial for confirming the impending bullish reversal trend. A strategic move would be to consider initiating a long position, tightly securing it with a stop loss as per the chart's guidance. Anticipate the completion of the handle formation and the exhilarating breakthrough past the all-time high (ATH), potentially propelling BTC towards the coveted $100k milestone. Join me on this thrilling expedition as we navigate the exciting terrain of Bitcoin trading!"