Bitcoin just hit a massive BUY signal to $23,643

Cup and Handle has formed on Bitcoin.
We have finally had the break above the brim level.
Now that the buyers and demand are streaming in we can expect upside.
7>21 Price >200 - Bullish
RSI>70
Target 23,643

FUNDAMENTALS
There seems to be a strong correlation for when the Global markets rally, Bitcoin tend to follow. I don't know if it's because they are so tied up in central businesses and with the government, but I can make some assumptions why:

Increased Investor Confidence

When global markets are performing well, investors tend to have more confidence in the economy and, in turn, more confidence in investing in various assets, including Bitcoin.

This can lead to an increase in demand for Bitcoin, which can drive its price up.

Increased Institutional Investment

We also tend to see institutional investors becoming more interested in alternative investments like Bitcoin.

Strengthening of the US Dollar

When global markets perform well, investors may move their money into the US dollar, which can drive up its value.

As Bitcoin is often traded against the US dollar, a strengthening dollar can lead to an increase in the price of Bitcoin.

Similar to the gold standard, there is some effect with the Bitcoin US dollar standard.

Better Economic Activity

When global markets go up, it tells us that there is strong economic activtity which is picking up GDP and consumer and producer spending.

This extra money that investors have will then go to investments like Bitcoin, which will help with the increase in demand and price.

Trusting the big boys

Last year was a confidence destroyer with crypto currencies. We had companies failing, becoming bankrupt and price heading to zero. People lost billions of dollars and now they have no idea who to trust...

When it doubt, buy Bitcoin I guess.

When there's trouble in the crypto market who are you gonna call?