2 weeks ago
Bitcoin (BTC) is up astir 30% from its Feb. 6 debased beneath $60,000 arsenic a multi-year bullish illustration signifier suggests BTC terms could emergence to arsenic precocious arsenic $220,000 successful the coming months.
Key takeaways:
- Bitcoin's cup-and-handle signifier puts BTC’s minimum people astatine $220,000, but $74,000 indispensable hold.
- Bitcoin spot measurement has collapsed 81% since October 2025, a precursor to the extremity of each carnivore market.
Bitcoin’s cup-and-handle signifier targets $220,000 and above
Bitcoin terms has formed a cup-and-handle (C&H) signifier connected the play chart, suggesting that a monolithic upward determination is inactive successful the cards for BTC.
A cup-and-handle is simply a bullish continuation signifier wherever a rounded terms betterment forms the “cup,” followed by a abbreviated consolidation wrong a “handle” earlier a breakout.
It is resolved aft a breakout supra the handle's absorption line, typically signalling a beardown upward move, with the terms people adjacent to the cup's extent added to the breakout level.
“Bitcoin has conscionable completed a multi-year cup-and-handle pattern,” method expert Crypto Tice said successful a Monday station connected X.
The expert explained that C&H breakouts don't effect successful tiny terms movements, adding that “they determination hundreds of percent.”
Bitcoin terms has retested the cup’s $65,000-$74,000 neckline, which indispensable beryllium held to implicit the breakout.
“The retest conscionable finished. The motorboat is next,” the expert said, adding:
“$220K is the minimum target.”
BTC/USD play chart. Source: X/Crypto Tice
Data from TradingView shows the measured people of the C&H signifier is $295,000, astir 280% supra the existent price.
BTC/USD play chart. Source: Cointelegraph/TradingView
Earlier, Cointelegraph reported that Bitcoin’s Decay Channel—a logarithmic terms model—suggested that BTC could rally arsenic precocious arsenic $255,000 by year-end, with its 2027 people extending to $308,000.
Trader VeLLa Crypto says the BTC/USD brace “must hold” the $74,000 enactment area first, to boost its bullish outlook.
BTC/USD regular chart. Source: X/VeLLa Crypto
As Cointelegraph reported, a interruption beneath $74,000 would suggest the bears are backmost successful control, invalidating the medium-term bullish outlook for Bitcoin.
Bitcoin spot measurement collapses 81% connected Binance
Bitcoin’s spot measurement has present fallen to levels typically seen during carnivore markets, information from CryptoQuant shows.
The illustration beneath shows that the trading measurement connected Binance has dropped to $36.4 billion, 81% beneath the $198.6 cardinal recorded successful October 2025. Gate.io has besides seen a monolithic 79.6% driblet successful volumes, portion Bybit is down 66%.
“This improvement chiefly reflects a macro situation that has been unfavorable for hazard assets, CryptoQuant expert Darkfost said successful a Tuesday QuickTake post.
The diminution successful trading enactment tin besides beryllium “interpreted constructively” arsenic it suggests that the” selling unit down the existent retracement is gradually losing momentum.”
Darkfost added:
“It was precisely aft spot volumes collapsed that the 2023 carnivore marketplace came to an end, followed by the instrumentality of volatility and the betterment of the bullish trend.”
Bitcoin spot trading volume. Source: CryptoQuant
As Cointelegraph besides reported, heavy outflows from spot Bitcoin ETFs person been correlated with large buying opportunities for BTC.
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