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$BTC Cup & Handle Fake Out To Breakdown!?
Still in the flag...
See the blue cup and handle pattern with the blue flag handle?
The previous wave to the upside briefly broke out to the upside but the confirmation of the bullish retest failed.
Price fell back into the pattern. Below the yellow 1hr 200MA to complete the 5th wave?
The bulls will want to push price action back above the 1hr 200MA. Then the top blue trendline of the bullflag handle.
Be looking for signals of a reversal back to the upside soon.
There is definitely a chance here...
A breakout to the upside could target $74,639.
NFA, DYOR ⚠️
#BTC #Crypto #Trading