Bitcoin 'cup and handle' breakout gives $230K target as SOL eyes 2800% gain
Bitcoin and Solana could see significant price increases if they complete a cup and handle breakout pattern, according to recent analysis. The projected targets for Bitcoin (BTC) and Solana (SOL) are $230,000 and $4,390, respectively, with SOL requiring gains of nearly 3,000% to reach its target. Currently, BTC shows progress toward completing a long-term cup and handle pattern, extending up from its 2021 peak, while SOL is still on the brink of a breakout. Bitcoin's price has seen a 115% potential gain if the breakout is successful. Though Bitcoin continues to dominate the market, with a dominance of over 65%, historical patterns suggest that a dominance measure of 70% could signal an upcoming altcoin rally. The ongoing analysis highlights the prevailing bullish sentiment for both cryptocurrencies, linking their potential upward movement to established technical indicators.
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