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As Bitcoin (BTC) battles key resistance positions, an analyst has pointed out that if the maiden crypto breaches notable level s, it would be in line for a new record high. As per analysis shared by Trader Tardigrade in a post on X on July 23, Bitcoin could reach a high of $263,000 based on the “Cup and Handle” pattern, a classic technical analysis indicator. Notably, the “Cup with Handle” is used to identify bullish continuation signals. This pattern typically forms during a longer-term uptrend and indicates a potential continuation once it is completed. Picks for you Here’s when XRP could hit $5.85, according to analyst 13 mins ago Donald Trump’s net worth revealed: How rich is the 45th President of the United Sta...

Fresh Bitcoin support and resistance levels crystalize amid an "extremely tight" trading range while ETH price action sets multi-week highs. Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 "possible" thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways crypto assets. “ Bitcoin trading with legacy Markets yesterday,” Filbfilb, co-founder of trading suite Decentrader, began a summary of recent events by stating. Analyzing the 12-hour chart, he argued that the 50-day moving average (MA) needed to hold for bulls, with the immediate range support and resistance level s at $15,500 and $18,000, res...