Technical analysis by Corrupt_Economy about Symbol BTC: Buy recommendation (10/15/2024)

Bitcoin (BTC/USD) is forming a classic cup and handle pattern, signaling potential bullish continuation. The cup is characterized by a rounded bottom, and the handle indicates a brief consolidation phase. If price breaks above the handle's resistance, we could see a strong upward move with increased buying momentum.BTCUSD has broken out of a well-defined cup and handle pattern, confirming bullish momentum. A retest of the handle's resistance level and subsequent break above it signals a potential continuation of the uptrend.Note: the above comment is looking at the daily price chart. We need more confirmation on a weekly level to be sure of the continuation of the uptrend.Very clear breakout and on our way to our target. Note: It might take 6 months or more to get there.