A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins its parabolic move.
Despite market sentiment still in fear territory as prices trend lower, a crypto trader has continued to accumulate Ethereum (ETH), signaling confidence in the cryptocurrency's potential. The analyst has stated that the recent bearish signals and muted price action are not signs of weakness but hint at an underlying bull trend forming.
Claude sets May-end targets for XRP, Bitcoin and Ethereum as traders weigh AI forecasts against ETF flows, macro headlines and shifting crypto sentiment.