Bitcoin Chart Pattern Targets $78,000 — Key Levels to Watch
BeInCrypto
Bitcoin is forming a bullish cup and handle pattern, signaling a potential breakout toward $78,000 supported by increased ETF and spot demand.Summary
Bitcoin is currently exhibiting a bullish 'cup and handle' chart pattern that suggests a potential 11% upside breakout. This technical formation is bolstered by strong fundamental indicators, including a 1,300% surge in weekly Bitcoin ETF inflows and significant Bitcoin outflows from exchanges, indicating robust accumulation by spot buyers. Investors are closely monitoring the $73,238 neckline; a confirmed break above this level could push the price toward $78,383, while upcoming CPI inflation data remains a key macroeconomic factor that may influence near-term volatility.
(Source：BeInCrypto)