Legendary 'Cup and Handle' Pattern Appears on Bitcoin (BTC)

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Currently trading at roughly $66,000, BTC is still above both the 200-day EMA and the 50-day EMA, two critical support levels for bullish momentum. The consistent trading volume suggests a consistent level of interest. As long as it stays in neutral territory, Bitcoin may still move in either direction, according to the RSI. On the other hand, a strong bullish signal is provided by the cup and handle pattern formation, which suggests a potential upward breakout.

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