BTC/USDT – Weekly Chart Analysis (Long-Term View)

BTC/USDT Chart Pattern: Multi-Year Cup and Handle Formation
The chart shows a textbook “cup and handle” formation, a highly reliable bullish continuation pattern. This pattern has played out over several years (2021-2025), indicating long-term accumulation and a breakout attempt.

Cup Phase:
Extended from mid-2021 to early 2024.
Formed a deep and rounded base, often indicating institutional accumulation.
The rounded lows reflect a gradual sentiment recovery from the 2022-2023 bear market.

Handle Phase:
A short-term consolidation after moving above the $70,000-$74,000 resistance area.
Price action pulled back marginally after hitting $110,000, forming higher lows near $85,000.
The structure resembles a bull flag or pennant, which is usually seen before the next upward move.

Key Support and Resistance Areas:

Key Support $70,000–$74,000. Previous resistance turned into support

Psychological Support $85,000 Local Retracement Low

Immediate Resistance $100,000–$110,000 Near ATH, selling pressure area

Long-term Target $130,000+ Measured move from cup pattern

Volume: Volume was high during the breakout from late 2024 to early 2025, which validates the breakout from the cup resistance area.
If BTC breaks above $100,000–$110,000 with strong volumes, we can expect continuation towards:

$130,000 (short-term target)

$150,000–$180,000 (extension based on pattern symmetry)

Bearish Risks:

Failure to hold $85,000 could lead to a retest of the $70K support area.

Sustained breakdown below $70K would invalidate the bullish pattern, but this seems unlikely given the strong fundamentals and macro structure.

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DYOR. NFA