BTCUSDT: Cup and handle formation - further bullish
Dear friend, what do you think about the next trend of BTCUSDT?
Currently, BTCUSDT is experiencing minimal fluctuations and is primarily forming a cup and handle pattern. At the time of writing, the cryptocurrency market continues to trade below the 52,000 USD resistance level. The upward trend is strong as it consolidates at a high level with stable trading activity on the daily timeframe.
With the formation of the cup and handle pattern, it would not be surprising if we remain quite optimistic about this coin's continued upward movement, as long as the 49,000 USD support level is safely protected and it will soon be retested.
What about you? Do you expect a strong price increase this year?
Currently, BTCUSDT is experiencing minimal fluctuations and is primarily forming a cup and handle pattern. At the time of writing, the cryptocurrency market continues to trade below the 52,000 USD resistance level. The upward trend is strong as it consolidates at a high level with stable trading activity on the daily timeframe.
With the formation of the cup and handle pattern, it would not be surprising if we remain quite optimistic about this coin's continued upward movement, as long as the 49,000 USD support level is safely protected and it will soon be retested.
What about you? Do you expect a strong price increase this year?
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