Bitcoin

<ul><li>Captain Faibik, a crypto analyst, noted that a cup and handle pattern has formed on a BTC weekly chart.</li><li>The analyst believes that the market leader’s price could climb to $42K in the coming weeks.</li><li>Meanwhile, the 9-day EMA was on the verge of crossing bullishly above the 20-day EMA line on BTC’s chart.</li></ul>A crypto analyst and <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> enthusiast, Captain Faibik, took to Twitter earlier today to share his observations about the market leader’s price movements. In his post, the analyst pointed out a cup and handle formation on BTC’s weekly Perpetual Inverse Swap Contract chart and shared his belief that the crypto could soon see a breakout.A cup and handle formation is formed when the price initially declines, reaches a low point, and then gradually recovers, forming the left side, bottom, and right side of the cup. Following the formation of the cup, there is typically a smaller downward movement or consolidation, forming a handle.<a href="https://coinedition.com/analyst-predicts-btc-could-soar-to-42k-in-the-coming-weeks/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

Analyst Predicts BTC Could Soar to $42K in the Coming Weeks

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