If their cup-and-handle patterns complete, Bitcoin and Solana will reach parabolic levels

The following are key points.

• According to an analysis, Bitcoin and Solana could reach new parabolic highs when both tokens complete the cup-and-handle pattern.

• BTC and SOL prices targets are respectively $230,000 and $43,390.

• SOL/USD needs to gain nearly 3,00% in order to reach the top breakout level.

BitcoinBTCAccording to a recent prediction, the value of ) could reach $230,000 when a breakout is completed successfully.

The author, in his own words: latest analysis, the well-known X content creator Trader Alan has delivered a gigantic $4,390 Solana.SOLPrice target.

Solana “waiting” For breakout with a $4,390 Target

Bitcoin has spent 7 weeks in acting within a narrow rangeAs time passes, the anticipation grows as to what direction BTC’s price will take next.

For Trader Alan, a familiar chart pattern holds the key — and so far, progress is exactly what bulls are hoping for.

“Bitcoin and Solana Cup and Handle Pattern on monthly chart,” He added that SOL/USD has been trying to mimic BTC.

The cup-and handle pattern is an established bullish setup where the price returns to its previous high and consolidates before continuing higher.

You can also read about the advantages of using Cointelegraph reportedBTC/USD already has a cup-and-handle pattern, which runs from 2021’s peak, to its low in 2022, and then back up again, before its first visit to $100,000.

“$BTC has broken out the handle while $SOL is still waiting for the breakout,” Alan’s latest claims are about the new iterations, in which Bitcoin extends its breakout above the high of 2021.

“This pattern sets $BTC and $SOL to targets of $230,000 and $4,390 respectively.”

Bitcoin dominates altcoins

Although the BTC/USD targets still represent 115%, they are modest compared with Solana’s roadmap that calls for a gain of over 3,000%.

Related: Bitcoin price can hit $150K in weeks thanks to Trump’s ‘Big Beautiful Bill’

SOL/USD is currently trading at $150. The pair’s highest level from January 2025 was $294. Cointelegraph Markets Pro You can also find out more about the following: TradingView.

Without “altseason“, however, such an accelerated move is not without its challenges. Bitcoin continues to dominate the crypto-market cap, surpassing 65% and reaching its highest level since early 2021.

As a result, Cointelegraph notedBTC dominance reaching 70% coincides with altcoin strength.

Rekt capital, a popular analyst and trader in the market said earlier that altseason may begin without a 70% tag.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.