Potential Cup and Handle Formation on BTC bounce
Bitcoin's bounce from the longterm ascending support line has lead it into an ascending triangle. Hitting the top of the triangle a few times now, it has begun to form a cup and handle.
If we get a bounce from the bottom line of the ascending triangle, then we want to see it break out about $7730 and can expect it to reach the vicinity of $8090.
If we get a bounce from the bottom line of the ascending triangle, then we want to see it break out about $7730 and can expect it to reach the vicinity of $8090.
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