Cup and Handle, Target ~80K+

In about one month, Bitcoin could trade well over the previous all time high. Cup and Handle breakout targets the height of the cup from the breakout point in a similar time frame to the breakdown in the cup formation. With today's breakout pattern, that adds up to $80K.

I remain Long Bitcoin, DCA till 2032 ~10yrs.
BTCUSD

Kommentera:

the last 5 days of price action have pushed Bitcoin back to the top of the Cup and Handle that completed in end of October. If this level holds, I expect we will see a rally towards ~80K or 90K.

I remain long Bitcoin.