{"id":10377,"date":"2022-03-11T15:02:29","date_gmt":"2022-03-11T15:02:29","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=10377"},"modified":"2022-03-11T15:02:29","modified_gmt":"2022-03-11T15:02:29","slug":"is-bitcoin-forming-an-extended-handle-in-a-pattern-where-might-it-be-headed-next","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/is-bitcoin-forming-an-extended-handle-in-a-pattern-where-might-it-be-headed-next\/","title":{"rendered":"Is Bitcoin Forming An Extended Handle In A Pattern: Where Might It Be Headed Next?"},"content":{"rendered":"
Bitcoin has been steadily falling for few months and it now looks to be recovering the level and forming into the handle of what technical traders call a cup and handle pattern.<\/p>\n
Bullish traders would like to see the handle pattern confirm and for Bitcoin to push back above the $60,000 level again. Bulls\u00a0then want to see this level become support, hinting the crypto may be ready for its next leg up. Disclaimer: Cryptocurrency investment is subject to high market risk. AtoZCrypto.org is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin has been steadily falling for few months and it now looks to be recovering the level and forming into the handle of what technical traders call a cup and handle pattern. Bullish traders would like to see the handle pattern confirm and for Bitcoin to push back above the $60,000 level again. Bulls\u00a0then want …<\/p>\n","protected":false},"author":1,"featured_media":10378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[270],"tags":[137,852,854,541,850],"aioseo_notices":[],"yoast_head":"\n
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\nBearish traders want\u00a0to see the crypto continue to fall and be unable to form the handle pattern. Bears are then looking for a bearish market where the price of Bitcoin falls and possibly makes it down to the next strong level of support near $30,000. If the price crossed below this level and was able to hold it as resistance, the price may fall even further.<\/p>\n