2024

bullish

Bitcoin

<ul>
 <li>Bitcoin's Cup and Handle pattern hints at a potential breakout to $110K.</li>  
 <li>The pattern includes a rounded "cup" and a consolidation "handle" phase.</li>  
 <li>Analysts predict a major rally in Q4 2024 based on this pattern.</li> 
</ul>  
<p>Bitcoin is on the verge of an <a href="https://cryptonewsland.com/bitcoins-october-surge-historical-insights-explored/" target="_blank" rel="noopener noreferrer nofollow">explosive breakout</a> and it’s likely to be a historic move. The price has been stuck in a tight range for nearly six months.&nbsp;</p>  
<p>This range is more than just a frustrating sideways move; it’s the handle of a massive three-year “Cup and Handle” pattern. If this pattern plays out, Bitcoin could soon skyrocket to new heights, potentially reaching $110,000.</p>  
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<h2 class="wp-block-heading" id="h-the-cup-and-handle-pattern-what-you-need-to-know">The Cup and Handle Pattern: What You Need to Know</h2>  
<p><a href="https://cryptonewsland.com/btc-forms-bullish-giant-cup-and-handle-pattern-new-ath-soon/" target="_blank" rel="noopener noreferrer nofollow">The “Cup and Handle” pattern</a> is one of the most recognized bullish chart formations in technical analysis. The cup is the rounded bottom, which Bitcoin formed from its peak at $69,000 in November 2021 down to its low of $15,500.&nbsp;</p>  
<p>After hitting that low, the market began to recover. This created the rounded “cup” that saw <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> climb back up to a new all-time high of $73,800 in March 2024. The handle, which is the current consolidation phase, is where we are now. This phase is marked by a slight downward drift, but it’s essential for the next big move.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-the-significance-of-the-c-amp-h-chart-pattern-and-what-to-expect-in-q4-2024">The Significance of the C&amp;H Chart Pattern and What to Expect in Q4 2024</h2>  
<p>Traders use this pattern to predict future price targets by measuring the depth of the cup and projecting it from the breakout point. According to <a href="https://x.com/Washigorira/status/1830305959287111714" target="_blank" rel="noopener noreferrer nofollow">Titan of Crypto</a>, this projection points to a possible surge to $110,000.</p>  
<p>As we enter the last quarter of the year, the handle is nearing completion. While no pattern guarantees future performance, the size of this formation suggests the potential for a massive rally.&nbsp;</p>  
<p>Bitcoin’s chart is setting up for what could be an epic fourth quarter. The Cup and Handle pattern suggests that $110,000 could be on the horizon.</p> 
<p>The post <a href="https://cryptonewsland.com/will-bitcoin-surge-to-110000/" rel="noopener noreferrer nofollow">Analyzing the BTC Cup and Handle Pattern, Will Bitcoin Skyrocket to $110,000?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Analyzing the BTC Cup and Handle Pattern, Will Bitcoin Skyrocket to $110,000?

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