Bitcoin Breaks Out of Cup and Handle Pattern

Bitcoin has broken out of a Cup and Handle pattern on its hourly chart. The structure aligns with historical cup and handle breakout reliability, according to @TATrader_Alan. On the 4h chart, price is testing upper Bollinger resistance at $80,190.83 while RSI signals overbought conditions.

The MACD shows a death cross, indicating a possible reversal in momentum. As price tests upper Bollinger resistance and RSI flashes overbought, a healthy retracement to the 50-EMA support at $73,657.26 seems probable before further continuation.