Technical analysis by BottomZen about Symbol BTC: Buy recommendation (6/2/2024)

Bitcoin is consolidating around previous all time highs. It has been following the green uptrend since Jan. We broke out above that channel on Feb 28th. After a little fake-out the previous channel resistance became support. Around the same time we were breaking out to new all time highs. Now the top of the green uptrend channel and the previous all time high are converging and acting as a new support.Sure looks like a massive cup and handle pattern we just printed on the weekly and monthly charts.On the shorter timeframes, Bitcoin is really holding on to that $67,400 ish support region.Anyhoo... NFA... I've been outsmarted by some dogs and still tie my shoes using the bunny ears method.