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Bitcoin is in a cup and handle; target $23000

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On the daily Bitcoin chart, BTC formed a cup when it went down to $16200 and returned to near $20K breaking the ATH on Coinbase. It is now forming a handle with the recent dip near $18K. I will take the neckline at $19600; target would be $19600-$16200 = $3400 + $19600 = $23000 for a target once the neckline is definitively broken.

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