BTC CUP AND HANDLE setup!!!

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BTC CUP AND HANDLE setup!!!Bitcoin / U.S. dollarBITSTAMP:BTCUSDErictaylorBTC structure is looking like a potential cup & handle forming on the higher timeframe. The base (cup) has already formed with a reclaim of the 70–73k breakout zone, and price is now consolidating just below the ~79–80k neckline. The current pullback into 75–76k fits the profile of a developing handle — shallow, controlled, and still holding above key support. As long as BTC holds above ~73.7k, the structure remains intact. Ideally, the handle stays contained in the 75–76k region; any deeper starts to weaken the pattern. If price can break and confirm above the neckline (~79–80k), the measured move projects toward ~96k. However, there is notable resistance in the 84–85k region (fib confluence), which is likely the first major test on a breakout. For now, this is a potential setup — not confirmed. Watching for continued compression and a decisive move above the highs to validate.