Bitcoin on the verge of launching to $220,000?...Massive Cup and Handle explosion if 'this' level is maintained

▲ Bitcoin (BTC)/ChatGPT generated image

An extremely bullish chart forecast has emerged, suggesting that if Bitcoin (BTC) maintains its multi-year Cup and Handle pattern breakout zone, it could reach a minimum of $220,000, with a measured target of $295,000.

According to crypto media outlet Cointelegraph on May 26 (local time), Bitcoin has formed a Cup and Handle pattern on its weekly chart. This pattern is a technical structure that suggests a strong upward movement when a rounded recovery forms the cup, a short consolidation forms the handle, and then the resistance line is broken. Bitcoin has risen approximately 30% since its low below $60,000 on February 6.

Technical analyst Crypto Tice stated in an X (formerly Twitter) post on Monday that “Bitcoin has just completed a multi-year Cup and Handle pattern.” He added that a Cup and Handle breakout doesn't end with small price movements, but "moves hundreds of percent." He further explained that Bitcoin retested the neckline of the cup, ranging from $65,000 to $74,000, and this zone must be held for the breakout structure to be completed.

“The retest is just finished. Next is the launch,” said Crypto Tice, adding, “$220,000 is the minimum target.” According to TradingView data, the measured target price for the Cup and Handle pattern is $295,000, which is approximately 280% higher than the current price.

However, defending the $74,000 support level is crucial for the bullish outlook to remain intact. Trader VeLLa Crypto emphasized that to strengthen Bitcoin's bullish outlook, the $74,000 support zone must first be maintained. Cointelegraph reported that a drop below $74,000 would signal the bears regaining control and could invalidate Bitcoin's mid-term bullish forecast.

Trading volume flow was presented as another variable. According to CryptoQuant data, Binance's Bitcoin spot trading volume decreased by 81% from $198.6 billion in October 2025 to $36.4 billion currently. Gate.io's trading volume also plummeted by 79.6%, and Bybit's decreased by 66%. CryptoQuant analyst Darkfost explained that this trend reflects a macro environment unfavorable to risk assets, yet noted that the collapse in spot trading volume could be constructively interpreted as indicating a weakening of selling pressure that led to the current pullback.

Darkfost stated, “The 2023 bear market also ended right after the collapse of spot trading volume, followed by a return of volatility and a bullish trend.” Cointelegraph reported that whether Bitcoin defends the $74,000 support level and whether selling pressure actually slows down after the contraction in spot trading volume are key gateways for the $220,000 target scenario.

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