Bitcoin price has formed a major 3-year cup-and-handle pattern, confirmed by a successful retest around $76,000 and a rally up to $113,000.

It is important that the price maintain support between $91,000 and $100,000, as it would help Bitcoin regain its momentum and potentially reach the $340,000 target in 2025.

Bitcoin has entered a pivotal phase that could define the next chapter of its market cycle. A well-known X crypto analyst has predicted that the price of Bitcoin would continue to move in an uptrend. According to his analysis, since Bitcoin made a significant climb from $25,000 to a peak of $109,000, it also had the potential to rally toward the $340,000 mark in 2025. 

The details of the analysis show that BTC is making a massive 3-year cup-and-handle formation, one of the major bullish patterns in technical analysis. In simple terms, the pattern begins with a phase of consolidation and accumulation moves (cup) and then shows the price short-term resistance levels before a potential breakout to the upside.

Bitcoin Bullish Pattern Signals a Potential Rally to $340,000  4

source: cryptododo7 (X)

The pattern was validated after BTC made a successful retest around the $76,000 zone, followed by a strong rally that pushed the price as high as $113,000. So far, the $109,000 level has been marked as the key resistance zone, and the market is now experiencing a healthy pullback as it searches for support and attracts new buying interest.

The analysis also points out that another key level to watch during this phase is the $91,000–$100,000 support zone. According to the analysis If BTC can remain above this range, then there is a chance that momentum would return, and the broader bullish structure could regain strength. If BTC also maintains this support, then it signals investor confidence and potentially ignites the next leg of the rally.

Looking ahead, the final technical target of this cup-and-handle formation stands at $340,000. This level could be reached within 2025 if the current structure holds and buying pressure resumes. He also adds that the current Bitcoin’s current price retracement should be seen as the final preparation phase before a major upward breakout.

Bitcoin Current Price 

As of the time of writing, the BTC price is trading at $104,889 a 0.7% increase in the last 24 hours. Although Bitcoin’s price rose a little in the last 24 hours, it still needs to climb back to its recent peak of $111,970 to eliminate any signs of downward pressure. To reach that level, the BTC price must overcome the levels near $106,000 and $109,000.

Bitcoin Bullish Pattern Signals a Potential Rally to $340,000  5

More Reading: Uniswap (UNI) Price Targets Set After Bullish Breakout, Aiming for $7, $18.26

---

Filed under: Bitcoin - @ June 2, 2025 6:00 am