BITCOIN Cup Pattern Looking Good After Resistance LevelsteemCreated with Sketch.

in bitcoin •  2 months ago

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Typically, I'd say this looks a little like a struggle and that it's incapable of breaking this resistance level. However, prices are forming a cup and handle pattern which has the volume and support and will likely break this level.

There's a normalizing RSI which is a good sign.

The daily is consolidating so there's more hope that this upside will continue.

The uptrend line is still intact and I think it will keep going.

Strong support is at $3,950 which is a significant level and will likely hold.

Hope everyone's having a great Tuesday!

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Thanks for the update

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thanks