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Crypto analyst Bitcoin Teddy has publicly identified a completed Cup and Handle formation on $BTC that has been building for years, posting the chart breakdown to X.
With all three confirmation criteria now satisfied, Bitcoin Teddy places the minimum upside target at $220,000 — roughly 300% above current trading levels.
A Pattern Years in the Making Most Cup and Handle setups resolve over weeks or months. Bitcoin Teddy argues this one is different, having coiled across multiple years before the final structure snapped into place.
The cup portion, by his reading, was completed first; the handle arrived with $BTC's most recent test of the $60,000 support level. That $60,000 zone was briefly violated before the price snapped back.
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