Bitcoin (BTC) is up roughly 30% from its Feb. 6 low below $60,000 as a multi-year bullish chart pattern suggests BTC price could rise to as high as $220,000 in the coming months.
Key takeaways:
Bitcoin’s cup-and-handle pattern puts BTC’s minimum target at $220,000, but $74,000 must hold.Bitcoin spot volume has collapsed 81% since October 2025, a precursor to the end of every bear market.
Bitcoin’s cup-and-handle pattern targets $220,000 and above
Bitcoin price has formed a cup-and-handle (C&H) pattern on the weekly chart, suggesting that a massive upward move is still in the cards for BTC.
A cup-and-handle is a bullish continuation pattern where a rounded price recovery forms the “cup,” followed by a short consolidation inside a “handle” before a breakout.
It is resolved after a breakout above the handle’s resistance line, typically signalling a strong upward move, with the price target equal to the cup’s depth added to the breakout level.
“Bitcoin has just completed a multi-year cup-and-handle pattern,” technical analyst Crypto Tice said in a Monday post on X.
The analyst explained that C&H breakouts don’t result in small price movements, adding that “they move hundreds of percent.”
Bitcoin price has retested the cup’s $65,000-$74,000 neckline, which must be held to complete the breakout.
“The retest just finished. The launch is next,” the analyst said, adding:
“$220K is the minimum target.”
BTC/USD weekly chart. Source: X/Crypto Tice
Data from TradingView shows the measured target of the C&H pattern is $295,000, roughly 280% above the current price.
BTC/USD weekly chart. Source: Cointelegraph/TradingView
Earlier, Cointelegraph reported that Bitcoin’s Decay Channel—a logarithmic price model—suggested that BTC could rally as high as $255,000 by year-end, with its 2027 target extending to $308,000.
Trader VeLLa Crypto says the BTC/USD pair “must hold” the $74,000 support area first, to boost its bullish outlook.
BTC/USD daily chart. Source: X/VeLLa Crypto
As Cointelegraph reported, a break below $74,000 would suggest the bears are back in control, invalidating the medium-term bullish…
..
