Crypto News

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 ...