mudusir

🌐 BTC Price Analysis: Cup and Handle Pattern $120k ATH!

Long
mudusir Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
πŸš€ Exciting Times for BTC!
πŸš€ Analyzing the 1D time frame reveals a compelling uptrend with the formation of a promising Cup and Handle pattern.
πŸ“ˆ If BTC continues to adhere to this pattern, the potential for a groundbreaking surge to new all-time highs at $120,000 is on the horizon, as meticulously illustrated in the chart.
🌐 Adding to the anticipation is the market buzz around the imminent approval of the ETF, a catalyst that historically has fueled bullish movements.
🚨 Buckle up for a potential ride to $120k!
🌟 My analysis suggests this journey might unfold over the next 3+ months.
πŸ—“οΈ Let's ride the waves together and stay tuned for this exciting chapter in BTC's journey!

🚨 Risk Warning: Trading involves risk, and it's essential to conduct your thorough analysis and risk assessment.

πŸ‘‰ Disclaimer: This idea is for educational purposes only and not financial advice. Always do your research and consult with a financial professional before making trading decisions.

🚁 #Bitcoin #BTCtotheMoon #TechnicalAnalysis #CupAndHandle #ETFImpact
Trade active:
Currently, BTC has completed the Cup Pattern and is forming a strong bearish divergence on the 1-hour time frame. This indicates that BTC is now printing the handle, completing the Cup and Handle pattern. Therefore, our intended entry point remains the same: when BTC retests the 60k point in the handle pattern.
Comment:
As mention above comment BTC must be touch the 60k point for the completing the pattern, so now u can take a new long entry at CMP with SL and wait for the TP which is 120k+.
Best of LUCK. #BTCtotheMoon
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