Bitcoin 1h TimeFrame Cup & Handle Pattern (Support & Resistance)

23. Juni 2022

The Cup & Handle chart pattern is definitely a bullish pattern so let's see how it works out here on the BTCUSD chart.

The chart signals are a bit mixed and we are on a decision point.

Let's have a look at the support and resistance levels on this timeframe.

The immidiate support for BTCUSD 1H sits at $20,146, we are strongly bullish above this level.
Followed by $19,721, which is the main support short-term.

As targets/resistance, above $20,440 we can easily expect additional growth.
Moving above this level, can push BTCUSD to $21,605 and beyond.

You can find these levels marked on the chart.

Namaste.

25. Juni 2022

Trade geschlossen: Ziel wurde erreicht