Bitcoin 'cup and handle' breakout gives $230K target as SOL eyes 2800% gain
2025-07-06 13:37:21
Main Idea
Bitcoin and Solana show potential for significant price gains based on the 'cup and handle' breakout pattern, with targets of $230,000 and $4,390 respectively.
Key Points
1. Bitcoin's price target is $230,000 if the 'cup and handle' breakout completes successfully.
2. Solana's price target is $4,390, requiring nearly a 3,000% gain to reach the breakout top level.
3. BTC/USD has already completed a long-term 'cup and handle' pattern, while SOL/USD is still waiting for the breakout.
4. Bitcoin's market dominance is growing, currently at 65%, which historically has coincided with altcoin rallies when it reaches 70%.
5. SOL/USD currently trades around $150, with its all-time high at $294 from January 2025.
Description
Bitcoin and Solana are in for astronomical upside if they both complete a cup and handle breakout pattern, monthly chart analysis concludes.
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