🚀 Bitcoin’s Cup and Handle Pattern Signals Explosive Rally—$123K Target in Sight

Bitcoin just flashed its most bullish chart setup since the 2021 bull run—and traders are salivating.

The technicals don't lie: That textbook cup-and-handle formation on the weekly chart historically precedes parabolic moves. Last time this appeared? BTC rallied 400% in 5 months.

Wall Street's playing catch-up: While institutional analysts debate 'store of value' theories, crypto natives are busy front-running the next leg up. The $123K price target isn't hopium—it's simple Fibonacci math.

Reality check: Of course, some hedge fund manager will inevitably call this 'irrational exuberance'... right before quietly allocating 3% of their portfolio to BTC futures. The game's transparent now.

Bitcoin Eyeing New Price Targets Already?

Bitcoin had recently claimed the coveted $120K price mark. This development had ushered in a positive price momentum in the market. However, mass liquidations led the token to stabilize around $114K at press time, per CMC data, which is good enough for the token to build new pathways on.

According to Mr. Anderson, a notable cryptocurrency expert, BTC’s chart is now showing a major cup and handle formation, generally predicting a bullish rally ahead.

Changelly later shared about the cup and handle pattern

Per Mr. Anderson, this cup and handle formation is signaling a new BTC top, perhaps helping bitcoin rise and hit the coveted $123K mark.

#BTC Cup & Handle Price Minimal Target = $123,000

As mentioned at $16k on my “The bottom is in” video, #Bitcoin loves her Cup & Handles

Now the end of this pattern is in sight and she’s a beauty. It’s fun when she is nice enough to play along

We are all going to make it! pic.twitter.com/1PAo2zHrmv

Bitcoin Price Path For August

According to CoinCodex BTC data, the asset may stabilize around $113K by the end of August 2025.