Summary
- Analyst Ali Martinez stated that Bitcoin is breaking out of the cup and handle pattern and heading towards $276,400.
- He explained that the cup and handle pattern is a bullish pattern indicating an upward trend.
- Currently, Bitcoin is trading at $105,544.08, up 5.58% from the previous day.
Cryptocurrency analyst and trader Ali Martinez reported on the 17th (local time) via X (formerly Twitter) that "Bitcoin (BTC) is breaking out of the cup and handle pattern and is heading towards a potential target price of $276,400."
The cup and handle pattern is a bullish pattern that signals the continuation of an upward trend.
Meanwhile, BTC is trading at $105,544.08 on the Binance Tether (USDT) market as of 04:41 on the 18th, up 5.58% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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