Skip to main content

Bitcoin draws ‘biggest cup and handle' pattern that will ‘shock the world'


Potential Breakout for Bitcoin (BTC)
Bitcoin (BTC) has been trading between $30,000 and $40,000 for the past six months, with the price range getting tighter as time goes on. This consolidation phase has many traders and investors on the edge of their seats, waiting for a potential breakout.
The “Handle” of a Three-Year “Cup”
According to technical analysis, this price range acts as the “handle” of a three-year “cup” pattern. This pattern is formed when the price of an asset reaches a peak, followed by a decline, and then a slow and gradual recovery. The handle represents a period of consolidation before the asset breaks out to new highs.
Zooming Out for a Bigger Picture
Zooming out to a longer time frame, Bitcoin’s price action over the past three years shows a clear cup and handle pattern. This could be a bullish sign for Bitcoin, as the breakout from the handle could lead to a new all-time high for the cryptocurrency.
Crypto Tickers and Trending Hashtags
As traders and investors closely monitor Bitcoin’s price movements and await a potential breakout, the crypto community is buzzing with excitement. The crypto tickers for Bitcoin (BTC) and other top cryptocurrencies are trending on social media, along with hashtags such as #Bitcoin, #BTC, #Crypto, and #Hodl.
Stay Informed and Prepared
It’s important to stay informed and prepared for any potential breakout in the cryptocurrency market. Keep an eye on Bitcoin’s price movements and stay up-to-date with the latest news and developments in the industry. And remember, always do your own research and never invest more than you can afford to lose. Happy trading!


Sentiment Result : Positive

Image

Comments

Popular posts from this blog

Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC

📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...

Crypto Talkies July 4th 2025

As the sun sets on another bustling day in the crypto world, there's no shortage of news to digest. The evening started with a bullish ripple effect in the market as Ripple's XRP took center stage. XRP investors are rejoicing with a 3.75% jump in price as Ripple pursues a U.S. national bank charter, a groundbreaking move that could transform Ripple into the first crypto-native bank. This ambitious leap has added over $6 billion to its market cap, stirring conversations about the future landscape of finance. Meanwhile, uncertainty loomed over WhiteRock as its founder, Ildar Ilham, found himself in legal hot waters with his arrest in the UAE linked to a $30 million ZKasino fraud. News of his potential extradition to the Netherlands sent shockwaves through the market, causing WhiteRock's token to plummet by 25%. Ethereum (ETH), the second-largest cryptocurrency by market cap, is showcasing resilience as prices hover between $2,400 and $2,600. The recent bullish interest, fue...

Crypto Talkies July 2nd 2025

As evening settles in, the world of cryptocurrencies is abuzz with a cocktail of regulation, innovation, and curious partnerships. Today's highlight reel begins in Arizona, where Governor Katie Hobbs has put a halt to innovation that combines the state’s criminal justice system and digital finance. Her veto of HB 2324, a bill intended to create a reserve fund from seized cryptocurrencies, underscores the ongoing tension between traditional law enforcement funding and the burgeoning world of digital assets, notably Bitcoin (BTC). Meanwhile, across the Atlantic, the impact of the European Union's new MiCA regulations is in full swing. Major exchanges like Bybit and OKX are expanding their operations, eyeing regulatory clarity and standardization as a springboard for wider crypto adoption across Europe. However, the regulatory relief also poses challenges for crypto news visibility under the rigid framework. On the sponsorship front, Nexo is stepping into the spotlight with its ...