Handle Cup Pattern in BTC Price Chart

over 2 years ago

After BTC price reached 69K, Hande cup pattern is completed for BTC price chart. Height of the cup is equal to 40K USD and the target of the pattern is more than 100K!

It may possible to reach the target. Bitcoin can reach its target. There is no problem in the market at the moment. I don't think there will be any problems in the next 2 months.

Ekran Resmi 20211110 20.37.59.png

The rally will continue until the Fed raises interest rates. It can continue like this until February. Interest rate hikes may come in 2022...

I shared a post a few days ago Big Move Set up For BTC Price is Ready for Next Week and said to be ready for big moves for BTC price. This week started with big moves...

January!

Here is weekly chart of BTC and shows us rally may continue until end of January...

Ekran Resmi 20211110 20.56.22.png

MACD indicator may go up until end of January and may turn back. So 100K is possible to see in this bullish season...

After January, We may enter long bearish season by increasing interest rates...

Let's see...

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3 comments

@hivebuzz 74

over 2 years ago

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To support your work, I also upvoted your post!