BTC To Touch $120k | What's Next? | #analysewithahad
BTC on the weekly chart is forming cup & handle pattern, indicating a bullish sentiment on a longer timeframe.
Near about 15th November'21, BTC started to plummet from the high of 70k to the low of $15,476 on 21th November'22 - Aproximately, BTC took the whole year to fall and pivoted from there to make another high of $73,777 on 11th March'24.
BTC has ballooned by 352.45% pre-correction.
Now, the correction is looking healthy.
BTC, to rally again, need to break the resistance level at $72,774.
Once, it is broken with volumes, we might witness a healthy rally till 120K.
But, nothing can be said with respect to the time it will take.
Just wait and watch.
Near about 15th November'21, BTC started to plummet from the high of 70k to the low of $15,476 on 21th November'22 - Aproximately, BTC took the whole year to fall and pivoted from there to make another high of $73,777 on 11th March'24.
BTC has ballooned by 352.45% pre-correction.
Now, the correction is looking healthy.
BTC, to rally again, need to break the resistance level at $72,774.
Once, it is broken with volumes, we might witness a healthy rally till 120K.
But, nothing can be said with respect to the time it will take.
Just wait and watch.
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