Bitcoin Potential MEGA Move to Re-test 69k
Bitcoin presents a significant Cup and Handle pattern, previously discussed in a livestream. The breakout beyond the Neckline marks completion of the Handle, now serving as immediate support and demand.
Our observations denote two potential Bitcoin movements, A and B:
Scenario A: Sustained support at the Handle's target zone may prompt an upward rally. Immediate resistance stands at 48k-50k.
Scenario B: Rejection from the 48k-50k resistance might initiate a correction towards the Neckline, a critical support zone around 31k.
Both scenarios remain possible, and ongoing updates will track market developments.
Thank you for your attention.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
569 XRP Whales Disappear—Yet Whale Holdings Hit 7-Year High. What’s Going On?
![Crypto News Today [Live] Updates On December 2,2025 : Federal Reserve News, Bitcoin Price Today, Ethereum Price And XRP Price](https://img.bgstatic.com/multiLang/image/social/cc963d16638fb3fac964f28463fe5c9a1764673944776.webp)
Pi Network Flashback: Did the Founder Reveal When Pi Coin Will Actually Start Rising?
HashKey prospectus in detail: 1.5 billion HKD loss over three years, 43% equity controlled by Wanxiang Chairman Lu Weiding
Despite HashKey's significant total revenue growth over the past two years, with rapid expansion in trading volume and client base, the underlying financial pressure remains evident: ongoing losses, long-term negative operating cash flow, and consistently high net debt all contribute to continued uncertainty regarding its financial resilience ahead of its IPO.
Trending news
MoreCrypto prices
More
