dennisdaiber
Long

BTC/USD Cup & Handle on a daily

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin continues its bull trend, remaining way above the 200-day moving average. It seems like a 38% Fibonacci Retracements now offers the support as Bitcoin is consolidation at a $9,300-9,400 price range. There is also a possibility that it is a Cup and Handle pattern formed on a daily chart , which gives an optimistic $11,200 target, that lies perfectly within the Fibonacci Golden Pocket area.

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