Bitcoin Cup and Handle may play out like this
We have a giant cup and handle forming on the bitcoin chart.
We had the big run up followed by the massive drop and consolidation.
This was then followed by the recent run up leading into our current pullback consolidation.
(Source: https://x.com/Eljaboom/status/1824512244115443854/photo/1)
This is textbook cup and handle setup and the chart pattern points to a price in the $120k to $130k range.
That means those buying now could see a double on their money in less than a year's time.
Once we break out the highs should happen rather quickly actually.
I could see this all playing out in less than 6 months' time.
"Love the analysis, Eljaboom! 🤩 The Cup and Handle chart pattern is indeed a powerful indicator of potential price movements. I'm curious to hear from others in the community - do you think this is a strong possibility? 🤔 Share your thoughts and let's discuss!" 👍
I also gave you a 76.97% upvote for the delegations you have made to us. Increase your delegations to get more valuable upvotes. Cheers! 🎉
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