Bitcoin set for 70% upside as BTC forms bullish giant cup and handle pattern
As Bitcoin (BTC) navigates a bearish environment, technical Analysis has identified chart formations that could signal upside potential. In an analysis posted on TradingView on June 21 by crypto trading expert TradingShot , Bitcoin’s one-week time frame chart reveals a giant cup and handle (C&H) pattern, which began forming at the peak of the previous bull cycle. It’s worth noting that the cup and handle pattern, a bullish continuation signal, indicates potential price increases. However, according to the analyst, it is often overlooked by traders focused on short-term movements. Bitcoin’s chart shows it in the handle phase, forming a channel down. Picks for you Will Cardano shorting activity serve as 'rocket fuel' for an explosive rally? 44 seconds ago ...