$BTC might be forming a Reverse Cup & Handle on the weekly chart.
This is a bearish continuation pattern, and here’s how it works:
Price forms a rounded top → the “cup”
Then it bounces up slightly → the “handle”
After that, the chart usually breaks down sharply
And right now, BTC’s structure actually matches this pattern:
✔ A rounded top already formed at $126k
✔ BTC dropped to $86k (the cup bottom)
✔ Now it’s bouncing back toward resistance
✔ If price gets rejected around $97k–$100k, the handle completes → and the next big move can be down
Key levels for the reverse cup & handle:
🔥 Resistance (handle zone):
$97k – $100.5k
This is where BTC should struggle.
⚠️ Breakdown zone:
$86k – $87k
Falling below this confirms the pattern.
📉 Downside targets (if confirmed):
$72k, $58k, or lower depending on momentum.
This is a bearish continuation pattern, and here’s how it works:
Price forms a rounded top → the “cup”
Then it bounces up slightly → the “handle”
After that, the chart usually breaks down sharply
And right now, BTC’s structure actually matches this pattern:
✔ A rounded top already formed at $126k
✔ BTC dropped to $86k (the cup bottom)
✔ Now it’s bouncing back toward resistance
✔ If price gets rejected around $97k–$100k, the handle completes → and the next big move can be down
Key levels for the reverse cup & handle:
🔥 Resistance (handle zone):
$97k – $100.5k
This is where BTC should struggle.
⚠️ Breakdown zone:
$86k – $87k
Falling below this confirms the pattern.
📉 Downside targets (if confirmed):
$72k, $58k, or lower depending on momentum.