Bitcoin & Solana Form Bullish Cup‑and‑Handle Patterns – Could BTC Hit $230K and SOL Soar to $4,390?
Technical analyst Trader Alan surfaced compelling cup‑and‑handle formations on the monthly charts of Bitcoin and Solana. These classic bullish patterns suggest Bitcoin could climb to $230,000, while Solana may explode to $4,390—a massive upside from current levels.
Coinccino 
BTC Has Broken Out of Its Handle
Bitcoin completed its cup‑and‑handle breakout several months ago—a move that started this bull cycle. If momentum holds, BTC could rally 115% from current levels, targeting around $230K .
SOL Awaits Its Breakout
Solana has traced the cup formation and is now sitting at the threshold of the handle. Should SOL break above $200, technical targets suggest a surreal climb to $4,390—representing a jaw-dropping ~2,800% gain.
Why It Matters
- Pattern Reliability: Cup‑and‑handle structures, when confirmed, often precede sharp rallies as consolidation phases conclude.
- Catalyst in Play: The launch of REX‑Osprey’s Solana spot ETF on July 2 has already pulled in $11.4M, injecting fresh momentum ahead of a potential breakout.
- Macro Market Direction: Bitcoin dominance holds steady, but increased altcoin investor interest could propel SOL along for the ride.
Risks & Watchpoints
- False Breakouts: Without solid volume, breakouts can reverse quickly.
- Altcoin Pressure: BTC dominance above 65% can cap altcoin upside—SOL must break decisively to overcome.
- Market Volatility: Macro headwinds could stall rallies regardless of chart patterns.
Final Take
The cup‑and‑handle formations forming on Bitcoin and Solana charts offer a potentially explosive path forward—$230K BTC and $4,390 SOL are on the radar. But confirmation depends on sustained volume, macro trends, and ETF-driven demand. Investors should watch for breakouts above $110K BTC and $200 SOL as the key to unlocking these targets.
