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Mahmood_Hassan
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$BTC
/USD: Bitcoin Cup and Handle Breakout ImminentBitcoin (BTC/USD) has formed a distinct cup and handle pattern on the weekly timeframe, indicating potential for substantial upside momentum.Technical Analysis:- Cup and handle pattern confirmed (weekly timeframe)- Strong accumulation and buyer interest signaled- RSI: 56 (bullish)- MACD: Converging lines (potential bullish crossover)Breakout Conditions:- Successful close above $55,000 (pattern resistance)- Confirmation of breakout requires volume and price action alignmentPrice Targets:- Short-term: $65,000 (18% increase)- Medium-term: $80,000 (45% increase)- Long-term: $100,000 (82% increase)Strategic Outlook:- Cup and handle breakout confirms bullish trend reversal.- Strong accumulation indicates buyer dominance.- Increasing volume on breakout confirms investor interest.
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$BTC
#cupandhandle
#BullishBreakout
#Cryptocurrency
#TechnicalAnalysis
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