Bitcoin’s price action is is setting up for a classic Cup and Handle Pattern, which could end up with bitcoin going as low as $9100. If this teori should be valid, we should see it in the coming days.
As we can see above, there is a major resistance at the price range $10500, which wasn’t broken a few days ago. When Bitcoin reached this level, it dropped dramatically, which resolved in $341 Million shorts got liquidated on BitMex alone.
If Bitcoin manages to breach the Resistance at $10500, we should be able to see BTC go towards $11000, which would be the first time since October 26, 2019. The cryptocurrency news india phrase is also picking up searches in india
The Author is currently holding Bitcoin, Litecoin, and Dash.