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BITCOIN Cup and Handle into Channel Up targets $350k
Bitcoin / BTCUSD is only at the very start of an insane rally, coming off hot from the U.S. elections.
The Bear Cycle into the Bull Cycle was a Cup and Handle pattern, which has now transitioned fully into a Channel Up that is being supported by the 1week MA50.
As long as it holds, the Channel Up should remain intact and as in December 2022, we are now at the very start of the Channel's new bullish wave.
This should last until the end of 2025 and if the Cup and Handle goes for a full 2.0 Fibonacci extension target with two similar bullish waves of +379.50%, then the Cycle should peak at 350k!
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The Bear Cycle into the Bull Cycle was a Cup and Handle pattern, which has now transitioned fully into a Channel Up that is being supported by the 1week MA50.
As long as it holds, the Channel Up should remain intact and as in December 2022, we are now at the very start of the Channel's new bullish wave.
This should last until the end of 2025 and if the Cup and Handle goes for a full 2.0 Fibonacci extension target with two similar bullish waves of +379.50%, then the Cycle should peak at 350k!
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.