Bitcoin is in a cup and handle; target $23000

٢ ديسمبر ٢٠٢٠

On the daily Bitcoin chart, BTC formed a cup when it went down to $16200 and returned to near 20K breaking the ATH on Coinbase. It is now forming a handle with the recent dip near 18K. I will take the neckline at $19600; target would be $19600-$16200 = $3400 + $19600 = $23000 for a target once the neckline is definitively broken.