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Sunday, 13 July 2025
Cryptocurrency Earnings

Bitcoin and Solana Will Hit Parabolic Levels if Their Cup-and-Handle Patterns Complete

Bitcoin and Solana Will Hit Parabolic Levels if Their Cup-and-Handle Patterns Complete

key points:

  • According to the analysis, both bitcoin and solana crypto tokens successfully complete a cup and handle pattern, then can reach a new height.

  • The BTC price and SOL price targets are $ 230,000 and $ 4,390 respectively.

  • Sol/USD will require a profit of about 3,000% to hit the breakout top level.

Bitcoin (BTC) If a classic breakout step is successfully completed, a new prediction states that $ 230,000 can reach.

In Latest analysisPopular X Content Creator, Trader Alan, gave a huge $ 4,390 Solana (Fifth note of musical scale) Price target.

Solla “Wait” for a breakout with a target of $ 4,390

Bitcoin has acted seven weeks BorderingBut as time passes, the expectation is increasing where BTC price action will proceed.

For the trader allen, a familiar chart pattern keeps the key – and so far, the progress is actually what is expected to the bulls.

“Bitcoin and Solan Cup and Monthly Chart Pattern Handle Pattern,” he told X followers, saying that Sol/USD is currently trying to copy BTC.

A cup-end-handle pattern is a well-known bulish setup in which the value is previous high, consolidated and then being higher with higher results.

As Coincidence reportBTC/USD has already completed a long -term cup and handle, which is up to 2021 lower from 2021 peak and up to back up, followed by a mark of $ 100,000.

“$ BTC has broken the handle, while $ Soul is still waiting for the breakout,” Allen claims about the latest repetitions of the pattern, which expands the brakeout beyond 2021 high in case of bitcoin.

“This pattern sets $ BTC and $ SOL for a target of $ 230,000 and $ 4,390 respectively.”

BTC/USD vs Sol/USD Comparison. Source: Trader Alan/X

Bitcoin dominance keeps altcoins in check

While the BTC/USD target still represents 115% profit, it is comparatively modest when viewed next to Solan’s roadmap, which makes upside down for approximately 3,000%.

Connected: The price of bitcoin can reach $ 150K a week thanks to Trump’s ‘Big Beautiful Bill’

Sol/USD currently trades at around $ 150, while the pair of all -time high is $ 294 since January 2025, per data per data Cointelegraph Market Pro And Tradingview,

SOL/USD 1-week chart. Source: Cointelegraph/TardingView

in absentiaAltson“Although such a paralysis moves with significant obstacles. The overall crypto market cap of bitcoin is increasing dominance, passing 65% to reach its highest level since the beginning of 2021.

However, as Cointelegraph notedBTC dominance hitting 70% historically coincides with the onset of Altcoin’s strength.

Earlier, popular merchant and analyst Rekt Capital stated that Altseason may not require a tag of an area of ​​70% to start this cycle.

Bitcoin Crypto Market Cap Dominance 1-Veek Chart. Source: Cointelegraph/TardingView

There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.