Basic Points:
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Bitcoin and Solana can reach parabolic new highs if both crypto tokens have successfully completed a cup and hold the pattern, according to the review.
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BTC and Sol price targets are $ 230,000 and $ 4,390, respectively.
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Sol/USD will have to deliver the acquisitions of nearly 3,000% to hit the breakout top level.
Bitcoin (Btc) could have reached $ 230,000 if a classic breakout move was successfully completed, a new state of prophecy.
To her Latest reviewThe popular creator of the content of X, Trader Alan, delivered a giant $ 4,390 Solana (Sol) Target price.
Solana is “waiting” for breakout with a target of $ 4,390
Bitcoin spends seven weeks acting within a narrow rangeBut as time goes on, hope is growing where the next BTC price action goes.
For Trader Alan, a familiar chart pattern holds the key – and to this day, the development is exactly what the bulls expect.
“The Bitcoin and Solana Cup and handle the pattern on the monthly chart,” he told X followers, adding that Sol/USD is currently trying to copy BTC.
A cup-and-handle pattern is a well-known bullish setup where the price returns to a past high, combined and then continuously higher, often with explosion results.
Number Cointelegraph reportedBTC/USD has completed a long -term cup and handle, from 2021 climax to 2022 low and back up, following its first trip to the $ 100,000 mark.
“The $ BTC has broken the handle while $ Sol is still waiting for the breakout,” Alan claimed about the latest pattern iterations, which in the case of Bitcoin expands the breakout beyond 2021.
“This pattern sets $ BTC and $ Sol to targets of $ 230,000 and $ 4,390 respectively.”
Bitcoin’s dominance preserves a check of altcoins
While the target BTC/USD still represents 115% acquisitions, it is relatively modest when viewed next to Solana’s roadmap, requesting a reversal of nearly 3,000%.
Related: Bitcoin prices can hit $ 150k in weeks Thanks to Trump’s ‘Big Beautiful Bill’
Sol/USD is currently trading around $ 150, while the entire pair of pair from January 2025 is $ 294, per data from Cointelegraph Markets Pro and Tradingview.
In the absence of ”Altseason“However, such a parabolic move faces significant obstacles. The Bitcoin dominance of the general Crypto market cap has continued to grow, which passes 65% to reach the highest level since early 2021.
However, as Cointelegraph mentionedThe BTC Dominance Hitting 70% has a history in conjunction with the onset of altcoin strength.
Earlier, popular entrepreneur and analyst Capital rect has added that this cycle may not require a tag of 70% zone for the altseason to start.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
