Bitcoin’s Cup and Handle Pattern Suggests Potential Surge to $186,000
- Bitcoin currently trades above $84,000 after a minor recovery.
- Egrag Crypto predicts a major breakout due to a Cup and Handle pattern.
- Potential price targets include $113,000 (non-logarithmic) and $260,000 (logarithmic).
- Egrag Crypto’s personal target is set at $186,000.
- Bitcoin network fees have decreased by 24.4%, now at $2.5 million.
- Exchange inflows increased by $840 million, indicating potential market uncertainty.
According to Egrag Crypto, Bitcoin may soon experience a significant price breakout due to the formation of a Cup and Handle pattern. The cryptocurrency is currently valued at over $84,000 with potential future targets ranging from $113,000 to $260,000.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoins-cup-and-handle-pattern-signals-explosive-move-to-186000-analyst/?rand=52377
