The price of Bitcoin (BTC), which was below $60k on February 6, is now up about 30%. A multi-year chart bullish pattern indicates that the BTC could reach as much as $220,000 within months.
Takeaways from the conference:
- Bitcoin’s cup-and handle pattern places BTC’s target minimum at $220,000. But $74,000 must be held.
- Bitcoin’s spot volume is down 81% from October 2025. This indicates the beginning of a bear market.
Bitcoin’s cup-and handle pattern targets 220,000 dollars and more
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.
The cup-and handle pattern is bullish, and it’s a continuation pattern in which a price rise with a round shape forms the bottom. “cup,” After a brief consolidation, the next step is to reassemble your ductwork. “handle” A breakout is not possible before.
The breakout is usually accompanied by a significant upward movement. Price targets are then set equal to cup depth plus the breakout.
“Bitcoin has just completed a multi-year cup-and-handle pattern,” Crypto Tice, a Technical Analyst said In a Sunday post at X.
The analyst explained that C&H breakouts don’t result in small price movements, adding that “they move hundreds of percent.”
Bitcoin has tested the cup’s neckline between $65,000 and $74,000, where it must hold to complete the breakout.
“The retest just finished. The launch is next,” “The analyst stated, adding”
“$220K is the minimum target.”
BTC/USD chart for the week. Source: X/CryptoTice
Data from TradingView shows the measured target of the C&H pattern is $295,000, roughly 280% above the current price.
BTC/USD chart for the week. Source: Cointelegraph/TradingView
Cointelegraph – Earlier 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 BTC/USD is a pair of currencies. “must hold” You can also find out more about the following: $74,000 support area First, it is important to bolster its optimistic outlook.
BTC/USD chart. Source: X/VeLLa Crypto
Cointelegraph reportedA break under $74,000 could indicate that the bears have taken control and invalidate the bullish medium-term outlook for Bitcoin.
Bitcoin spot volume collapses 81% on Binance
CryptoQuant data indicates that Bitcoin’s spot volumes has fallen to levels seen typically during bear markets.
Binance trading volumes have dropped by 81% to $36.4 billion from $198.6 in October 2025. Gate.io’s trading volume has fallen by 79.6%, while Bybit dropped by 66%.
Darkfost analyst at CryptoQuant said, “This is due to a macroeconomic environment which has not been favorable for risk assets. said In a post on Tuesday QuickTake.
It is possible to “interpret constructively” the decline in trade activity” as it suggests that the” The selling pressure that has been behind this current retracement of the market is slowly losing its momentum.”
Darkfost added:
“The 2023 bearish market ended precisely when spot volume collapsed, with the resurgence of volatility and the emergence of a bullish trend.”
Bitcoin spot trading volume. Bitcoin spot trading volume. Source: CryptoQuant
Cointelegraph is also reported, heavy outflows from spot Bitcoin ETFs BTC’s high value has been linked to great BTC buying opportunities.
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Source: cointelegraph.com
