👀 A powerful bullish pattern "Cup and Handle" is forming on the Bitcoin chart, and it looks very confident. This formation often signals a continuation of growth — and in this case, the target level is around $140,000.
🔍 What is a "Cup and Handle"?
The "Cup" is a rounded bottom after a prolonged decline, indicating an accumulation phase.
The "Handle" is a small drop or consolidation before a breakout upwards.
When the price breaks through the "handle" level, it is often accompanied by strong growth.
📈 Why $140K?
The target is calculated based on the depth of the "cup," which is projected upwards from the breakout point. Currently, Bitcoin is moving within this pattern with increasing volume and strength.
🧠 What could this mean:
Acceleration of growth
Confirmation of the upward trend
Activity from both retail and large players
Possible entry into the final parabolic phase
📌 Conclusion:
This is one of the clearest "Cup and Handle" signals on the long-term chart. If the scenario repeats, $140K is a quite realistic target.
Watch the volumes and market sentiments — they will provide the final confirmation.$BTC