Bitcoin Completes Multi-Year Cup and Handle Formation, Sets Stage for Massive Price Surge

The price of Bitcoin (BTC) has been trading sideways between $61,000 and $65,000 over the past few weeks. Analysts believe that one final dip is awaiting the asset before the end of the bear market.

Initially, this dip was expected to take the price of BTC to $40,000, but it now seems that the lowest it can fall towards is $54,000. An expert believes there's too much liquidity in this range for BTC to drop further.

This has led some traders and analysts to start accumulating BTC when it trades between $54,000 and $64,000.

Not only BTC, but Ethereum (ETH) is also showing massive bullish signals. ETH has recently broken out of a 4-year downtrend against BTC, and several traders have begun to heavily accumulate the asset.