$BTC Bitcoin (BTC) has recently been discussed as forming/breaking out of a cup-and-handle pattern. A September technical analysis identified a breakout above roughly $84,000, with a measured target near $108,000.
đ BTC Cup & Handle â Current Setup
Cup breakout area: ~$84,000
Major resistance: ~$87,000â$87,500
Bullish confirmation: Daily close above ~$87,500
Next target: ~$90,000
If $90K breaks: ~$95,000
Longer-term cup target: around $108,000
Important support: ~$82,500â$84,500
BTC is currently around $85.5K, so the key question is whether it can break and hold above the $87Kâ$87.5K neckline/resistance.
Simple view: đą Above $87.5K = stronger bullish confirmation â $90K â $95K â potentially $108K.
đŽ Below $82.5K = cup-and-handle bullish setup becomes weaker.
đ BTC Cup & Handle â Current Setup
Cup breakout area: ~$84,000
Major resistance: ~$87,000â$87,500
Bullish confirmation: Daily close above ~$87,500
Next target: ~$90,000
If $90K breaks: ~$95,000
Longer-term cup target: around $108,000
Important support: ~$82,500â$84,500
BTC is currently around $85.5K, so the key question is whether it can break and hold above the $87Kâ$87.5K neckline/resistance.
Simple view: đą Above $87.5K = stronger bullish confirmation â $90K â $95K â potentially $108K.
đŽ Below $82.5K = cup-and-handle bullish setup becomes weaker.