Bitcoin’s cup-and-handle pattern signals a $123K breakout, with analysts eyeing $135K by Q4 2025 if $120K resistance clears.
Bitcoin has evolved beyond its conventional status as a cryptocurrency. The asset is gradually establishing itself as a significant financial actor in the market, with the potential to revolutionize economies if implemented with the utmost care and attention. The token has commenced establishing its paths to achieve new price milestones. The recent appearance of new patterns on the Bitcoin chart suggests that the token is on the brink of a new price surge.
Bitcoin Is Already Setting New Price Targets?
Bitcoin had recently achieved the highly sought-after $120,000 price point. This development initiated positive price momentum in the market. The token’s value stabilized at approximately $114K at press time, as indicated by CMC data. This level of stability is sufficient for the token to establish new pathways.
Mr. Anderson, a renowned cryptocurrency expert, has indicated that BTC’s chart currently displays a significant cup and handle configuration, which indicates a forthcoming bullish rally.
“The cup and handle is a pattern that can be observed when the price of an asset reaches a certain level and then pulls back before reclaiming that level. It is named like that because it actually looks like a cup.” Changelly later shared about the cup and handle pattern
Mr. Anderson believes that this cup and handle formation indicates a new BTC peak, which could assist Bitcoin in reaching the coveted $123K mark.
“#BTC Cup & Handle Price Minimal Target = $123,000. As mentioned at $16k on my “The bottom is in” video, #Bitcoin loves her cup & handles. Now the end of this pattern is in sight, and she’s a beauty. It’s fun when she is nice enough to play along. We are all going to make it!”
August’s Bitcoin Price Trend
The asset may stabilize at approximately $113K by the end of August 2025, as CoinCodex BTC data indicates.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to drop by -0.89% and reach $113,736 by September 3, 2025. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 64 (greed). Bitcoin recorded 16/30 (53%) green days with 3.23% price volatility over the last 30 days.”
