Bitcoin Forms Cup & Handle as Gold and S&P 500 Hit Targets — $200K in Sight?
In a rare alignment across major asset classes, BTC, Gold, and the S&P 500 are all exhibiting one of the most bullish technical patterns in financial markets: the Cup & Handle. According to the latest analysis by Bitcoinsensus, this formation—widely known for signaling explosive upside continuation—has already played out successfully in Gold and the S&P 500. Now, all eyes are on Bitcoin.
Pattern Overview: The Cup & Handle Formation
This pattern typically forms after a long consolidation phase (the “cup”), followed by a short downward drift (the “handle”), before triggering a breakout rally. Gold and the S&P 500 have already broken out of their respective handles and reached their technical targets.
Gold hit its projected target near $2,965, confirming a clean breakout. The S&P 500 also fulfilled its bullish projection after forming a textbook Cup & Handle over the past two years.
Bitcoin: Poised for Breakout
Bitcoin is now at a critical stage. The chart shows it has just completed the handle portion and is beginning to break out of the pattern. If the formation continues to mirror that of Gold and the S&P, Bitcoin could be on a trajectory toward the $200,000 mark.
The current price action suggests early confirmation, and a sustained breakout above the handle’s resistance line could validate the setup in full.
Why This Alignment Matters
When three major asset classes across different sectors—precious metals, equities, and crypto—display the same powerful continuation pattern, it signals more than coincidence. Historically, such synchronicity often precedes large macroeconomic shifts or liquidity expansions.
As Bitcoinsensus notes: “When three major asset classes show the same pattern, across different timeframes, history tends to rhyme.”
Conclusion
Bitcoin’s next move could define the direction for the remainder of 2025. With Gold and the S&P 500 already meeting their technical targets, Bitcoin could be the last domino to fall in what may become one of the most notable Cup & Handle breakouts in market history.
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Filed under: Bitcoin - @ June 2, 2025 11:01 pm