Bitcoin’s big cup-and-handle pattern targets ‘minimum’ $220K BTC price

From cointelegraph.com

Bitcoin (BTC) is up roughly 30% from its Feb. 6 low below $60,000 as a multi-year bullish chart pattern suggests BTC price could rise to as high as $220,000 in the coming months. Bitcoin price has formed a cup-and-handle (C&H) pattern on the weekly chart, suggesting that a massive upward move is still in the cards for BTC. A cup-and-handle is a bullish continuation pattern where a rounded price recovery forms the “cup,” followed by a short consolidation inside a “handle” before a breakout. It is resolved after a breakout above the handle's resistance line, typically signalling a strong upward move, with the ... (full story)