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BitInfo12

BTC: Cup and Handle Breakout

Long
Bitcoin (COINBASE:BTCUSD)  
BitInfo12  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTCUSD bitcoinforecast bitcoinprice Cryptocurrency cryptotrader cryptocurrencies cupandhandlepattern
3
0
trendanalysis chartpattern indicator bitcoin btcusd bitcoinforecast bitcoinprice cryptocurrency cryptotrader cryptocurrencies cupandhandlepattern
BTC looks to be forming a Cup and Handle pattern.

If this pattern plays out, we could see a BTC breakout once the major downtrend resistance line is broken.

However, there are major resistances in play. Major downtrend line and $12k resistance cluster could keep BTC suppressed from major upside moves.

Happy trading!
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