Bitcoin has risen approximately 30 percent since hitting $60,000 on February 6, 2024. The “cup and handle” pattern, which is an important formation in technical analysis, indicates that the Bitcoin price may rise up to 220 thousand dollars in the coming months.
The impact of multi-year formation and targets
According to experts, the cup-handle formation on Bitcoin’s weekly chart highlights the possibility of a sharp rise. In this technical structure, a gradual recovery in prices first forms the cup, and then the handle appears with a short horizontal movement. When the resistance level is broken upwards, the target price is determined by an increase equal to the depth of the cup.
Mini dictionary: Cup and handle formation is a technical analysis pattern that is seen when first a round bottom (cup) and then a shorter-term contraction (handle) occur in prices, often indicating the continuation of the rise. The target price is usually calculated by adding up the depth of the cup.
Technical analyst Crypto Tice stated that this formation was completed and said, “Cup-handle breakouts usually lead to movements of hundreds of points.” According to TradingView data, the ideal target of the pattern can reach the level of 295 thousand dollars. However, it was emphasized that the neckline, especially between 65 thousand and 74 thousand dollars, should be maintained in order for the bullish signal to remain valid.
Crypto Tice said, “The retest period is over, now it is time to start a strong movement,” and announced the price level that he expects to rise after the cup-handle formation.
Sharp decline in spot volumes
Bitcoin’s spot transaction volume attracted attention by declining by 81 percent since October 2025. Trading volume on Binance dropped from $198.6 billion to $36.4 billion. Gate.io, on the other hand, experienced a transaction volume loss of 79.6 percent and Bybit experienced a 66 percent loss in transaction volume. According to CryptoQuant data, these declines are mostly seen in the late stages of the bear market.
Darkfost, one of CryptoQuant analysts, shared his assessment: “This low transaction volume in the environment largely reflects negative macroeconomic developments for risky assets.” Additionally, the analyst added that the decline in transaction volume indicates that the current selling pressure has begun to weaken.
| Exchange | October 2025 Volume | Final Volume | Drop Rate |
|---|---|---|---|
| Binance | $198.6 billion | $36.4 billion | 81% |
| gate.io | – | – | 79.6% |
| Bybit | – | – | 66% |
Critical support levels are highlighted
Trader VeLLa Crypto said that the Bitcoin price must maintain the support of 74 thousand dollars in order for the upward expectation to be realized. As reported by Cointelegraph, if it falls below this level, it is predicted that bullish expectations will be temporarily shelved and the bears will gain the upper hand again.
Searching for opportunities in ETF exits
High outflows from Bitcoin spot ETFs coincided with periods that presented hard buying opportunities in previous examples. With the decrease in spot volume seen in recent days, some experts think that a new recovery movement is approaching.
