Experts analyze the cup handle pattern: Is Bitcoin (BTC) facing a spectacular increase to $ 230,000?

Analysis of the cup handle pattern: Does Bitcoin (BTC) increase to $ 230,000? The cup handle pattern is a well-known chart-technical pattern that is often used in analyzing cryptocurrencies such as Bitcoin (BTC). It consists of two main components: the "cup" and the "Henkel" (handle). The cup is formed when the price initially drops and then climbing again and a ...

07. Juli 2025

Krypto News Österreich

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Analysis of the cup handle pattern: Does Bitcoin (BTC) increase to $ 230,000?

The Cup handle pattern is a well-known chart-technical pattern that is often used in analyzing cryptocurrencies such as Bitcoin (BTC). It consists of two main components: the "cup" and the "Henkel" (handle). The cup is formed when the price initially drops and then climbing again and forming a rounded low. The handle then forms when the price goes back at short notice before it rises again.

Current analyzes suggest that Bitcoin could possibly increase to a price target of up to $ 230,000. This Bullish expected scenario results from the historical performance of the cryptocurrency and the strength of the cup handle pattern.

However, the interpretation of this pattern requires a certain degree of caution. Chart patterns are not guarantees for future price movements, but statistical indicators. Nevertheless, many traders and analysts use such patterns for decision -making.

In summary, it can be said that the cup handle pattern on the Bitcoin chart represents a potential sign of rising courses. However, investors should also take other market conditions and factors into account in order to make sound decisions.