Cup and Handle, Target ~80K+

6 Eki 2021

In about one month, Bitcoin could trade well over the previous all time high. Cup and Handle breakout targets the height of the cup from the breakout point in a similar time frame to the breakdown in the cup formation. With today's breakout pattern, that adds up to 80K.

I remain Long Bitcoin, DCA till 2032 ~10yrs.
BTCUSD

18 Kas 2021

Not

the last 5 days of price action have pushed Bitcoin back to the top of the Cup and Handle that completed in end of October. If this level holds, I expect we will see a rally towards ~80K or 90K.

I remain long Bitcoin.