Satoshi

Render

Bitcoin

Read

Coin

<p>Bitcoin’s price behavior has sparked interest among traders, with technical analysis suggesting a&nbsp; bullish rally on the horizon. The cryptocurrency currently stands at <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$67,392.71</a>, with a daily trading volume of $42,547,802,643. Despite a recent dip of 2.94%, analyst Sjuul from AltCryptoGems <a href="https://x.com/AltCryptoGems/status/1793540643941147054" target="_blank" rel="noopener noreferrer nofollow">highlights a potentially bullish Cup &amp; Handle pattern</a> forming on the BTC/USDT chart.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-btc-technical-analysis-strong"><strong>Bitcoin (BTC) Technical Analysis</strong></h2>
<p>A Cup &amp; Handle pattern is a bullish chart formation that traders use to identify potential long positions. This pattern consists of a “u” shape (the cup) followed by a slight downward drift (the handle). According to Sjuul, Bitcoin appears to be forming a substantial Cup &amp; Handle pattern, which typically signals a bullish trend.</p>
<p>Sjuul outlines two potential scenarios for trading this pattern. The first scenario involves a deeper pullback along the handle channels. In this case, traders might consider entering the market at the green box, where a clear resistance turned support level is identified, accompanied by the 4H EMA200. This area is ideal for buying if a dip occurs.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="640" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-1024x640.png" alt="" class="wp-image-495995" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-1024x640.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-768x480.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-1536x960.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-2048x1280.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-240x150.png 240w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-560x350.png 560w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736-788x492.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-736.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The second scenario arises if bulls continue pushing higher. Here, traders would wait for a breakout of the Cup &amp; Handle pattern, entering at the breakout level. In both cases, the key is to see the resistance level broken and left behind; otherwise, the pattern’s validity is compromised.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-price-forecast-strong"><strong>Bitcoin Price Forecast</strong></h2>
<p>If the Cup &amp; Handle pattern holds and breaks out, the technical target should align with the depth of the cup’s low point. Sjuul estimates this target to be around the $90,000 level. This potential surge represents a significant opportunity for traders, emphasizing the importance of closely monitoring Bitcoin’s price movements and the pattern’s development.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/render-extremely-bullish-despite-recent-sell-off-expert-reveals-one-more-rndr-dip-expected-before-rally/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Render “Extremely Bullish” Despite Recent Sell-Off: Expert Reveals One More RNDR Dip Expected Before Rally</em></strong></a></p>
<p>Bitcoin’s price movements have shown volatility, which is not uncommon in the crypto market. Despite the current price dip, the formation of a Cup &amp; Handle pattern offers a promising outlook. Traders should remain vigilant, watching for either a deeper pullback or a breakout to position themselves effectively.</p>
<p><em><strong>Join&nbsp;<a href="https://captainaltcoin.com/go/aethir/" target="_blank" rel="noopener noreferrer nofollow">Aethir’s exclusive airdrop</a>&nbsp;and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/this-bitcoin-pattern-signals-imminent-bullish-rally-will-btc-price-surge-to-90000/" rel="noopener noreferrer nofollow">This Bitcoin Pattern Signals Imminent Bullish Rally: Will BTC Price Surge to $90,000?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Bitcoin Pattern Signals Imminent Bullish Rally: Will BTC Price Surge to $90,000?

目錄

CaptainAltcoin

在 2024年5月24日發表的其他文章

Bitcoin Surges Above $70,000, Crushing Short Sellers with $85M in Liquidations

Ethereum ETFs approved! ETH prices to hike by 28% now?

Bitcoin ETFs Witness Unbroken Surge of Net Inflows for Over a Week

Terra Luna Classic Announces Major Upgrade, LUNC Price to Rally

SEC Approves Spot Ethereum ETFs

Ethereum ETF Approval Affects MATIC Price

訂閱免費電子報，每天收取加密貨幣最新動態！