Bitcoin cup an handle: key support for 74K, target 220K
Bitcoin traders dey watch di weekly chart for one completed “Bitcoin cup and handle” pattern, wey technical analysts talk say fit trigger new upside leg if BTC break di neckline. Di neckline/support zone dey highlighted around $65,000–$74,000, with $74,000 na di key level wey bulls must defend.
If BTC confirm above di breakout area, di “Bitcoin cup and handle” setup dey project an upside move roughly aligned with ~ $220,000 target (with higher theoretical reading up to ~ $295,000 wey dem also mention). If e breakdown under $74,000 e go weak di medium-term bullish thesis and likely delay di rebound.
Di article still talk say spot volumes dey deteriorate: Binance spot volume don fall about 81% since Oct 2025 (to ~ $36.4B), with similar declines for Gate.io and Bybit. CryptoQuant dey frame dis as late-stage bear-market behaviour, meaning selling pressure fit dey fade.
Dem add ETF flow context: past times when Bitcoin spot ETFs get sharp outflows sometimes match buying opportunities. For trading, plan dey straightforward—hold above $74,000 first, den wait for confirmed breakout from di neckline area before you lean long on di Bitcoin cup and handle path.
Bullish
Di tori news dem dey tilt bullish for BTC because di weekly “Bitcoin cup and handle” pattern don complete and e get clear, actionable confirmation logic: make e hold $74,000 and den break di neckline. Downside risk don clearly define—if $74,000 loss then di thesis go weak—so di setup be conditional no be blind optimism. Even though spot volumes dey fall sharply (often like late bear-market vibes), CryptoQuant framing dey imply say selling pressure fit dey ease, wey fit support di rebound try. Overall, balance dey favour potential upside catalyst for BTC if di $74K level hold and di neckline breakout confirm.