Cup and Handle in Bitcoin leads to $117,300
The sideways to down movement in Bitcoin since Dec 5th when it hit its $104,000 ATH has all been just a 10 day cup and handle that has formed.
The cup depth is about $12000 as measured by the vertical line shown on the chart. I cloned that line and put it at the expected breakout of the handle.
The price target for this cup and handle is $117,300 and it could come later this week as shown by the top of the cloned line and the Elliot Wave projection.
The cup depth is about $12000 as measured by the vertical line shown on the chart. I cloned that line and put it at the expected breakout of the handle.
The price target for this cup and handle is $117,300 and it could come later this week as shown by the top of the cloned line and the Elliot Wave projection.
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