Bitcoin Sets Stage for Breakout, Mimicking Gold and S&P 500’s Success: Could it Reach $200,000?

A rare convergence of bullish signals is observed across major asset classes. Bitcoin, gold, and the S&P 500 are all displaying a powerful technical pattern known as the Cup & Handle formation, which could suggest an explosive upside move for Bitcoin. This pattern has already played out successfully in gold and the S&P 500, prompting analysts to anticipate similar success in Bitcoin.