#Bitcoin❗ 'cup and handle' breakout gives $230K target as # | Ashanoor-49b32 on Binance Square

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#Bitcoin❗  'cup and handle' breakout gives $230K target as #SOL eyes 2800% gainBitcoin and Solana can reach parabolic new highs if both crypto tokens successfully complete a cup and handle pattern, according to analysis.
BTC price and SOL price targets are $230,000 and $4,390, respectively.

SOL price BTC price

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#Solana “waiting” for breakout with $4,390 target #Bitcoin has spent seven weeks acting within a narrow range, but as time goes on, anticipation is growing as to where BTC price action will head 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 told X followers, adding that #SOLUSD is currently attempting to copy BTC. A cup-and-handle pattern is a well-known bullish setup in which price returns to a previous high, consolidates and then continues higher, often with explosive results. As Cointelegraph reported, BTCUSD has already completed a long-term cup and handle, from its 2021 peak to 2022 low and back up, followed by its first trip to the $100,000 mark. “$BTC has broken out the handle while $SOL is still waiting for the breakout,” Alan claims about the latest iterations of the pattern, which in Bitcoin’s case extends the breakout beyond the 2021 high. “This pattern sets $BTC and $SOL to targets of $230,000 and $4,390 respectively.”

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