BTC/USD Technical Analysis

BTC/USD is in recovery mode
Cup with handle pattern formed
Break of the pattern leads higher
D L3 is support

H1 CHART BTC/USD

Cup with handle pattern bottom
Consolidation / Bounce zone
First target
Final target

The BTC/USD is in recovery mode. The price went below 33999 below the W L3 pivot point and now we see a recovery. The cup with handle pattern has formed. It's a bullish pattern and we could see a move up if the resistance, the top of the handle breaks. Actually, the market started a recovery from 33000 level so we might see a break higher towards 39470. If 39470 breaks then next target is 41000-42000 zone.