Bitcoin: Cup and Handle Breakout Confirmed

Bitcoin has broken out of a Cup and Handle pattern on the hourly chart, with the cup and handle both formed and the breakout clean according to @TATrader_Alan.

Traders tracking BTC price prediction and Bitcoin technical analysis note the structure aligns with historical cup and handle breakout reliability in the past year. On the 4h chart, price at $80262.04 tests upper Bollinger resistance at $80190.83 while RSI at 73.96 signals overbought conditions and MACD shows a death cross; with price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $73657.26 seems probable before further continuation.