Bitcoin is trading near the low $80,000 zone as two charts show a major long-term setup and a short-term reclaim test. BTC still needs a clean weekly hold above this area before the larger cup and handle target gains strength. Bitcoin Cup and Handle Chart Points to $363K Target Bitcoin is trading near $80,798 on the 2-week Binance chart, while Crypto Patel’s chart maps a long-term cup and handle pattern with a projected target near $363,000. The chart shows the “cup” forming between the 2021 peak and the 2023 bottom. Bitcoin then recovered through 2024 and entered the “handle” phase after rejecting near the 2024–2025 high area. The handle is shown as a downward-sloping consolidation channel. Bitcoin Cup and Handle Pattern. Source: Crypto Patel on X The main idea is simple: if Bitcoin breaks above the handle resistance, the chart projects a larger upward move. Crypto Patel marks possible upside targets at $200,000, $300,000, and $400,000, with the main measured target near $363,142. However, Bitcoin has not confirmed the breakout yet. The price still needs to clear the upper side of the handle with strength. Until then, the setup remains a long-term pattern, not a confirmed move. The chart also marks an accumulation zone between $60,000 and $40,000, but Bitcoin only partially entered that range. That means buyers may not get a full retest of the lower zone unless BTC loses current support. For now, the key level is the handle resistance area. A breakout above it could support the bullish cup and handle target. But if BTC falls back into the handle, price may continue moving sideways before any larger expansion. Bitcoin Tests Bull Market Support Band as BTC Pushes Into Low $80K Zone Bitcoin traded near $80,347 on the weekly Coinbase chart, slightly above the Bull Market Support Band. The chart shared by Daan Crypto Trades shows BTC trying to reclaim this key trend zone after recovering from the March–April low area. The support band sits around $76,177–$78,614 on the chart. Bitcoin has moved above it, but the breakout is not clean yet. Price still needs to hold above the band and push through the low $80,000 area with stronger follow-through. Bitcoin Bull Market Support Band Reclaim. Source: Daan Crypto Trades on X Daan said BTC should clear the “sticky area” around the low $80Ks and hold there for one or two weeks. That matters because the weekly chart needs confirmation, not only a short move above resistance. The chart also shows Bitcoin trading above the weekly 200EMA near $68,685 and the weekly 200MA near $60,809. These levels remain deeper support zones if BTC fails to hold the current recovery. For now, Bitcoin is in a reclaim attempt. A weekly hold above the low $80Ks would strengthen the bullish case. However, a drop back below the Bull Market Support Band could turn the move into another failed breakout.
