BTC likely to 'cup-and-handle' higher after correction within 4-5 month descending channel
According to Cointelegraph, Charles Edwards, founder of crypto hedge fund Capriole Investments, said: “Based on the BTC/USD Binance weekly chart, BTC is correcting within a descending channel between $58,000 and $65,000. This trend could continue for 4-5 months, but in the longer term, BTC could...
According to Cointelegraph, Charles Edwards, founder of crypto hedge fund Capriole Investments, said: “Based on the BTC/USD Binance weekly chart, BTC is correcting within a descending channel between $58,000 and $65,000. This trend could continue for 4-5 months, but in the longer term, BTC could complete a cup-and-handle pattern and rise to $100,000.” “BTC is closing the week above the $58,000 mark, which is in line with the long-term trend on the Hourly chart. While it could take up to nine months to complete the cup-and-handle pattern, we remain technically bullish as long as the $58,000 level remains unbroken.”
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