$BTC Daily: Base → Breakout → Handle 👀
After 12 years in Bitcoin, I like charts like this one: simple and patient.
📌 June to August: a long base between 58k and 68k, with a double bottom
📌 Mid-August: a strong breakout to about 80k
📌 Late August to September: a flag between 75k and 82k, then a second push up
📌 Now: a tight handle between 83k and 87k, right under resistance
🔑 Key level: 87.2k. It has been tested three times. A daily close above it would complete a cup-and-handle structure, and the measured move points toward 110k+.
⚠️ Support: 83k. A daily close below it would weaken this setup.
I'm waiting for the daily close to confirm, not trading the wicks.
What's your view: breakout or another rejection? 👇
Not financial advice. Do your own research.
#BTC #bitcoin #BTCUSD #CryptoAnalysis #TechnicalAnalysis
After 12 years in Bitcoin, I like charts like this one: simple and patient.
📌 June to August: a long base between 58k and 68k, with a double bottom
📌 Mid-August: a strong breakout to about 80k
📌 Late August to September: a flag between 75k and 82k, then a second push up
📌 Now: a tight handle between 83k and 87k, right under resistance
🔑 Key level: 87.2k. It has been tested three times. A daily close above it would complete a cup-and-handle structure, and the measured move points toward 110k+.
⚠️ Support: 83k. A daily close below it would weaken this setup.
I'm waiting for the daily close to confirm, not trading the wicks.
What's your view: breakout or another rejection? 👇
Not financial advice. Do your own research.
#BTC #bitcoin #BTCUSD #CryptoAnalysis #TechnicalAnalysis
