Here we see a cup and handle developing for BTCUSD.
Let's see if it gets rejected at the short-term resistance trend line or breaks through.
And, don't underestimate the power of the meme.
There will be a lot of action around $69,420, and that price happens to be in the zone where the next decision on BTC's direction will be made.
There is a very strong chance we see $69,420 in the next few days.
After that, my personal bullish bias leans towards breaking to the upside and fulfilling this cup and handle breakout pattern.
Of course it's up to the market to tell us where it wants to go next.
Good luck and enjoy.
Let's see if it gets rejected at the short-term resistance trend line or breaks through.
And, don't underestimate the power of the meme.
There will be a lot of action around $69,420, and that price happens to be in the zone where the next decision on BTC's direction will be made.
There is a very strong chance we see $69,420 in the next few days.
After that, my personal bullish bias leans towards breaking to the upside and fulfilling this cup and handle breakout pattern.
Of course it's up to the market to tell us where it wants to go next.
Good luck and enjoy.