Today for the BITCOIN PRICE. Bitcoin, is right now in this perfect cup and handle formation here:

And as you can see we are right now in this candle:

The break out is imminent right now we want to talk about whether the break out will happen right here or whether we will be rejected once more but then inevitably see the break out all of the cup and handle patern.

Guys we want to show you not only when does break out might happen but also very specific price target here for bitcoin in the immediate short term and guys we can already promise you this specific price target will catch you by surprise.

So make sure you take a seat make sure you smashed up the like button and that being said welcome to the blog my name is Chris and it's always real really pumped to go straight into content.

So guys we are here on the daily candace for the BITCOIN PRICE and right here we talked about a possible cup and handle formation here:

Which was also validated by the prediction of filbfilb remember he talked about that back in July 2019 already at the price being around $14000.

And what he said back then was we would consolidate the remainder of the year between $7500 - $10000 well this is approximately what happened but look at this we went exit a rounding bottom cap intended summer 2020 following by a "sell the news" event when the halving occurs.

And guys this is exactly what happened look at this perfect wrongly bottom here:

And filbfilb actually validating that this rounding bottom might be also the temporary bottom for bitcoin.

But the most important thing right now is that BITCOIN is right now perfect here in this handle formation some people might call it a bull fake not sure about that. However this might be a perfect handle. And do you remember the blog we read with about that possible manipulation from binance and coinbase? https://www.publish0x.com/review-and-analysis-chris/binance-and-coinbase-maintenance-to-manipulate-bitcoin-proof-xgwovq
Well look at this candle here, It is what exactly at that massive daily dump here of the $1k.

And this candle  look at it. It validates perfectly that upper side here off the handle.

And also the downside where we found perfect support:

So right now we have actually evidence that this handle here might be significant for the bitcoin price. And as you know, it happened handy formation. If it breaks here, to the upside whether it might be here after another retracement it's a very very bullish pattern. We want to talk about the likelihood of this breaking to the upside. 

Guys we can already tell you this will actually surprise you. So let's check out the most important support and guys you would see that this support here, perfectly is in alignment with the lower support here off the handle.

So if the bitcoin price were to be rejected at this point here right now and actually we think we might be rejected we already saw the rejection:

Usually we see the price of bitcoin in cup and handle formations developing a little bit more into the handle:

And if we were to be rejected once again we might find ourselves somewhere here in this support area around the price of itself $9000 to $9200 maybe even $9300 as the next support.

However the biggest like you it actually is if we find support here and the bitcoin price bounces back that the next attempt might be successful

And if this is the case we want to talk about the measured move also quick reminder guys if you will support at around $9000 - $9300 the likelihood of us closing the gap at $8800 significantly decreases however if you were to break down of course we can stay close that we want to talk about the price targets here to the upside.

So look at this perfect rounding bottom here if we were to take this one here:

and take the measure of moved to the break out let's just assume that we are not breaking out just yet but in a few days time around to like end of February beginning of March.

Then, we would find ourselves actually look at this guy's perfectly at $13800.

do you remember this price target if we were to take a horizontal right here:

You can see that this perfectly is in alignment with the previous high we had in June, July approximately 2019. So this is the next price tag and we are looking awful for bitcoin in the mid run. In the short one we are still looking at this handle formation. If we are rejected we actually think that we would find strong support you between $9000 - $9300.

First of all guys let me know do you think we can actually reach a price target nearby $14k some which wants the halving let me know in the comment section below. Bye bye. Straight into the content. Straight into account.