Bitcoin (BTC) is up roughly 30% from its Feb. 6 low under $60,000 as a multi-year bullish chart sample suggests BTC value may rise to as excessive as $220,000 within the coming months.
Key takeaways:
- Bitcoin’s cup-and-handle sample places BTC’s minimal goal at $220,000, however $74,000 should maintain.
- Bitcoin spot quantity has collapsed 81% since October 2025, a precursor to the top of each bear market.
Bitcoin’s cup-and-handle sample targets $220,000 and above
Bitcoin value has shaped a cup-and-handle (C&H) sample on the weekly chart, suggesting {that a} large upward transfer remains to be within the playing cards for BTC.
A cup-and-handle is a bullish continuation sample the place a rounded value restoration kinds the “cup,” adopted by a brief consolidation inside a “deal with” earlier than a breakout.
It’s resolved after a breakout above the deal with’s resistance line, sometimes signalling a powerful upward transfer, with the value goal equal to the cup’s depth added to the breakout stage.
“Bitcoin has simply accomplished a multi-year cup-and-handle sample,” technical analyst Crypto Tice said in a Monday publish on X.
The analyst defined that C&H breakouts do not lead to small value actions, including that “they transfer a whole bunch of p.c.”
Bitcoin value has retested the cup’s $65,000-$74,000 neckline, which should be held to full the breakout.
“The retest simply completed. The launch is subsequent,” the analyst stated, including:
“$220K is the minimal goal.”
BTC/USD weekly chart. Supply: X/Crypto Tice
Knowledge from TradingView reveals the measured goal of the C&H sample is $295,000, roughly 280% above the present value.
BTC/USD weekly chart. Supply: Cointelegraph/TradingView
Earlier, Cointelegraph reported that Bitcoin’s Decay Channel—a logarithmic value mannequin—steered that BTC may rally as excessive as $255,000 by year-end, with its 2027 goal extending to $308,000.
Dealer VeLLa Crypto says the BTC/USD pair “should maintain” the $74,000 support area first, to increase its bullish outlook.
BTC/USD every day chart. Supply: X/VeLLa Crypto
As Cointelegraph reported, a break under $74,000 would counsel the bears are again in management, invalidating the medium-term bullish outlook for Bitcoin.
Bitcoin spot quantity collapses 81% on Binance
Bitcoin’s spot quantity has now fallen to ranges sometimes seen throughout bear markets, information from CryptoQuant reveals.
The chart under reveals that the buying and selling quantity on Binance has dropped to $36.4 billion, 81% under the $198.6 billion recorded in October 2025. Gate.io has additionally seen an enormous 79.6% drop in volumes, whereas Bybit is down 66%.
“This improvement primarily displays a macro atmosphere that has been unfavorable for danger property, CryptoQuant analyst Darkfost said in a Tuesday QuickTake publish.
The decline in buying and selling exercise may also be “interpreted constructively” because it means that the” promoting stress behind the present retracement is regularly dropping momentum.”
Darkfost added:
“It was exactly after spot volumes collapsed that the 2023 bear market got here to an finish, adopted by the return of volatility and the restoration of the bullish pattern.”
Bitcoin spot buying and selling quantity. Supply: CryptoQuant
As Cointelegraph additionally reported, heavy outflows from spot Bitcoin ETFs have been correlated with nice shopping for alternatives for BTC.
