According to technical analysis, the Bitcoin price is currently forming a ‘cup and handle’ chart pattern, which projects a potential target of $70,000.
This bullish pattern typically indicates a continuation of an uptrend after a consolidation period. However, it’s important to note that while chart patterns can provide insight into possible future price movements, they are not guaranteed and should be used in conjunction with other forms of analysis.
Bitcoin price analysis: Cup and handle chart pattern
