BITCOIN – New ATH this week?

While Bitcoin is in a range, a configuration is being set up that could enable it to destroy its resistance, which is still blocking a new ATH. Let’s take a look!

Warning This article does not constitute investment advice or an invitation to invest. It is for information purposes only. You are solely responsible for your trading and investment decisions.

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A quality cup & handle on BTC

Last week we were talking about a probable drop to very strong resistance at $71,280. That’s what happened, but this weekend, and again this week, we have a pattern forming that could give us hope!

Bitcoin ATH, ATH, BTC, Bitcoin, Coinpri, BTCUSDT 2024 04 08 10 01 02
Bitcoin on Binance in daily view with RSI below

This configuration is the famous cup with handle. A configuration which, arriving on resistance, is rather bullish, as repeated attacks generally enable a zone to be broken. What’s more, this one is perfect, since its handle has returned to the buyers’ reload zone below the 0.618 level (see image). A perfect plan for a perfect action!

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BITCOIN – New ATH this week?

What’s more, technically, we can observe another phenomenon that often goes hand in hand with the cup and handle, which is the right-angled triangle. This one also announces a break on its horizontal side, why? Because a zone is hammered, and hammering often leads to a break, as if sellers were simply selling a zone, but after a while, there’s nothing left to sell!

Bitcoin ATH, ATH, BTC, Bitcoin, Coinpri, BTCUSDT 2 2 2024 04 08 10 15 00
Highlighting the cup and handle on the left and the right-angled triangle on the right

Positive addition to Bitcoin analysis this Monday morning, April 8

A little complement? It’s always a pleasure, so let’s have a look together.

Bitcoin ATH, ATH, BTC, Bitcoin, Coinpri,, Screenshot 2024 04 08 101601
Bitcoin Orderflow. In order, Bitcoin prices, funding and spreads.

Orderflow like this one if always a pleasure. Not only because funding has become very neutral again on Bitcoin, but above all because Spreads have gone negative again, showing a doubt in the market at the moment. This last point could well tip the balance towards a new ATH, benefiting all those who have kept their wallets full.


The analysis on this Monday morning, April 8, certainly represents bullish reasoning. It’s important to remember that I don’t hold the truth, I’m simply making analyses. However, I’m going to continue in this vein by opting for a bullish objective for this movement. By projecting the triangle or W, this would give us a rise ending between $78,000 and $82,000. In short, great news if it happens.

In the meantime, I hope you have a great week, and if you’d like to meet me, I’ll be at the Paris Blockchain Week event to talk, among other things, about Cryptocademia. If not, see you next week!