IBIT shows a cup-and-handle pattern, is in the buying zone just below it and above its 50-day moving average, with a golden cross of the 50-day over the 200-day strengthening the right side of the base. The setup is 'not bad' but not great, and Bitcoin charts are hard to read, so take it with caution.

Now we will look at IBIT, which is the iShares Bitcoin Trust. Good? A different plan, isn't it? Look at him getting stronger. It's not great. I will admit that it is not great, but it does show the "cup and loop" pattern.

It is right in the buying zone, hovering just below it, and above the 50-day moving average. We have a golden crossover here where the 50-day average exceeds its 200- day counterpart.

That's not bad, is it? Fortunately, it's not like gold, is it? It strengthens the right side of the base and somewhat stabilizes at the point of penetration. Now, a quick heads-up: it's very difficult for me to read a Bitcoin chart because Bitcoin has its own unique nature, you know?

So, for some reason, it's a little more difficult . Therefore, take this plan with a bit of caution.