BTC is forming a classic multi-year Cup and Handle on the weekly chart: • Cup: Long consolidation from the 2021–2025 cycle. • Handle: Current pullback from ~$126k to $60–$70k, forming a downward channel. Breakout above $90–$95k with strong volume is needed to activate the pattern.
Key Levels: • Support: $60k – must hold to keep the handle intact. • Bull Trap Risk: Below $55k invalidates the pattern. • Target: $300k via measured move, but hitting this in 6 months requires extreme bullish catalysts.
Market Context: • Crypto winter continues with institutional risk-off sentiment. • Whales are accumulating heavily in the $60k range. • Weekly RSI is oversold, historically an ideal handle entry point.
Reality Check: Pattern favors long-term bullish continuation, but short-term momentum may drag months. $300k is possible technically, but 6-month timeline is aggressive. $BTC #BuyTheDipOrWaitNow? #CryptoSurvivalGuide
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC /USDT
BTC Cup and Handle Breakdown (Feb 2026)
BTC is forming a classic multi-year Cup and Handle on the weekly chart:
• Cup: Long consolidation from the 2021–2025 cycle.
• Handle: Current pullback from ~$126k to $60–$70k, forming a downward channel. Breakout above $90–$95k with strong volume is needed to activate the pattern.
Key Levels:
• Support: $60k – must hold to keep the handle intact.
• Bull Trap Risk: Below $55k invalidates the pattern.
• Target: $300k via measured move, but hitting this in 6 months requires extreme bullish catalysts.
Market Context:
• Crypto winter continues with institutional risk-off sentiment.
• Whales are accumulating heavily in the $60k range.
• Weekly RSI is oversold, historically an ideal handle entry point.
Reality Check: Pattern favors long-term bullish continuation, but short-term momentum may drag months. $300k is possible technically, but 6-month timeline is aggressive.
$BTC #BuyTheDipOrWaitNow? #CryptoSurvivalGuide