Bitcoin Technical Indicators Target $150,000 in 2025

Classic $BTC Price Pattern Points to a Major Rally

Bitcoin's recent price action shows a confluence of technical indicators aligned with a breakout. The most notable pattern forming on the charts is the "cup with handle," a classic technical formation that suggests a bullish continuation.

This pattern features a rounded bottom (cup) and a subsequent consolidation phase (handle). The handle formation signals a period of consolidation, which often precedes a major bullish breakout.

In the case of $BTC Bitcoin, the cup began forming after its peak in late 2021, with the handle currently taking shape as the cryptocurrency oscillates below the $65,000-$69,000 resistance level.