BTC/USD bullish recovery cup with handle pattern

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

1. Cup with handle pattern bottom.

2. Consolidation/Bounce zone.

3. First target.

4. 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 a 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 the 33000 level so we might see a break higher towards 39470. If 39470 breaks then the next target is 41000-42000 zone.