Cup & Handle and Bull Flag Confirm Bitcoin’s Bullish Breakout 🚀🚀🚀
Bitcoin Bull Run Alert:🚨🚨 Cup & Handle Breakout Sparks New Rally The long wait is over – the Bitcoin bull run is officially underway!
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💥The weekly logarithmic chart shows a powerful cup and handle formation alongside a bull flag, both classic patterns signaling a strong breakout to the upside. These bullish patterns aren't just showing up on the logarithmic chart but are also very much valid on the linear chart, adding extra weight to the breakout.
While the logarithmic chart indicates potentially massive upside targets, it’s worth noting that these targets could take longer to hit compared to the linear chart. Logarithmic breakouts often extend over longer timeframes, meaning some of the higher targets might not be reached until the next bull run. However, the linear chart suggests a high probability of reaching its breakout targets within this bull run, offering traders a promising outlook in the near term.
Stay tuned as we follow up with a linear chart analysis to highlight the differences in breakout targets on both the linear and logarithmic scales. It’s time to secure your positions and prepare for what could be a historic rally!
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