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Bitcoin completes cup-and-handle after $60,000 retest, targets $220,000
Analyst: Bitcoin completes multi‑year cup‑and‑handle, sets $220,000 target
A crypto analyst says the pattern is done. The setup formed over years and confirmed now.
The analyst shows a completed cup‑and‑handle on X. He cites the recent retest and rebound.
The handle formed at $60,000 support. That level broke briefly, then recovered per NewsBTC.
First mention: Bitcoin.
Key steps the analyst tracks:
- Breakout on recovery per Bitcoinist
- Retest on the drop below $60,000 per NewsBTC
- Structure confirmation as price turns up per Bitcoinist
He says the pattern now confirms. He adds that cup‑and‑handle precedes bull trends in his post.
The move shouldn’t be a 20% pop. He expects multiples off confirmation per Bitcoinist.
New all‑time highs are expected next. That’s the path after confirmation per NewsBTC.
His minimum target is $220,000. That implies ~300% from here per the analyst.
