- Bitcoin has formed a bullish cup-and-handle chart pattern, suggesting a price target of at least $220,000.
- The pattern’s breakout depends on BTC maintaining its support level above $74,000.
- Spot trading volume on exchanges like Binance has collapsed by 81%, a trend historically preceding the end of bear markets.
Bitcoin (BTC) surged roughly 30% from its low in early February, as a significant technical pattern indicates the cryptocurrency could reach $220,000 or higher in the coming months. The rally follows Bitcoin’s completion of a multi-year cup-and-handle formation, a bullish continuation signal noted by technical analyst Crypto Tice.
Consequently, the measured target for this pattern is approximately $295,000, according to data from TradingView. However, trader VeLLa Crypto emphasized that the BTC/USD pair “must hold” the $74,000 support area to validate this optimistic outlook.
Meanwhile, Bitcoin’s spot trading volume has dramatically decreased across major exchanges. Data from CryptoQuant shows volume on Binance has fallen 81% since October 2025, a decline analyst Darkfost described as potentially constructive. He stated this collapse in activity was “precisely” what occurred before the end of the 2023 bear market.
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