Bitcoin

<p>As a 3-year Cup and Handle pattern shows on its long-term chart, Bitcoin is about to undergo a notable movement. Analysts are observing the market for indicators of a breakout that would drive the price of Bitcoin over $100,000. CryptoJack, an analyst on X believes Bitcoin is almost in the last phase of consolidation before a possible surge.</p><p></p><h2 id="header-0">Cup and Handle Structure</h2><p>Emphasizing a classic bullish continuation pattern is the Cup and Handle pattern shown on the Bitcoin chart. The cup starts with the price movement of <a href="https://cryptotale.org/bitcoin-sentiment-soars-as-blackrock-calls-it-a-global-hedge/" rel="noopener noreferrer nofollow">Bitcoin</a> falling from its October 2021 highs. Late 2023 saw a comeback after which the cup acquired a rounder bottom.</p><p>Called the handle, the current phase is a consolidation period starting early 2024. Bitcoin has been trading inside a limited range during this period, suggesting market uncertainty as traders wait for validation of a breakout.</p><p>Related: <a href="https://cryptotale.org/bitcoin-ethereum-whale-transactions-drop-since-march-peak/" rel="noopener noreferrer nofollow">https://cryptotale.org/bitcoin-ethereum-whale-transactions-drop-since-march-peak/</a></p><h2 id="header-1">Potential Breakout to $128,000</h2><p>Usually a last phase of consolidation, the handle indicates Bitcoin is gearing for a breakthrough. Given the analyst target price of $128,000, a movement outside the top limit of the handle would see this increase through. This is a critical period for Bitcoin investors and traders since market experts estimate the breakout to take place in the coming months.</p><p><a href="https://cryptotale.org/bitcoin-poised-for-128k-surge-with-cup-and-handle-pattern/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Bitcoin Poised for $128K Surge with Cup and Handle Pattern

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