Bitcoin (BTC) Outlook- 29 December 2018

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Analysis indicates cup and handle patterns forming on BTC which could be suggestive of a future rise in prices beneficial for long players.


Cup and Handle: A cup and handle price pattern has the shape of a “U” and the handle has a slight downward drift. The right-hand side of the pattern usually has low trading volume, which may be as short as seven weeks or as long as 65 weeks.

Analysis by Cryptology_Bar, Trading View