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Bitcoin Breaks Above Two-Year Cup & Handle Pattern
Bitcoin (BTC) has recently broken above its two-year Cup & Handle neckline and Descending Broadening Wedge. This breakout was confirmed by a significant green volume spike, as noted by technical analyst Gert van Lagen. The price action indicates a renewed bullish momentum for the cryptocurrency. At present, the neckline and handle are being tested for support once more. This phase is crucial. A successful retest could help bolster the trend which is already bullish. It is this area that traders are keen to observe in order to affirm the breakout’s strength. The target range for Bitcoin after this breakout is ... (full story)
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- Posted: Nov 1, 2024 11:04am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 196
