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What the latest chart patterns reveal about the next big crypto breakout
Bitcoin has always been full of surprises, and if current technical patterns are anything to go by, the next big move could be truly historic. A well-respected crypto analyst known as PlanD on X (formerly Twitter) has sparked excitement across the cryptocurrency community with a bold prediction: Bitcoin could be heading toward a jaw-dropping price of $340,000 but only if one key level of support holds steady.
Let’s dive into what this means, why this isn’t just speculation, and what it could mean for the future of digital finance.
A Technical Pattern With Bullish Implications
PlanD’s forecast isn’t just based on hope or hype it’s grounded in a classic technical formation known as the Cup and Handle pattern. This pattern, familiar to experienced traders, often signals the continuation of a strong bullish trend after a consolidation phase.
According to PlanD’s analysis, Bitcoin has spent the last three years quietly forming this pattern on a macro scale. The "cup" represents the massive recovery from its 2021 high of $69,000, through the long stabilization period, and back up to that level by early 2024. The "handle" was shaped by the more recent corrective movement seen from March to October 2024.
Crucially, the breakout above the neckline at around $76,000 in November 2024 confirmed this formation. Since then, Bitcoin surged to a new all-time high of $111,970, before slipping into a modest pullback phase.
$91K–$100K: The Key Support Zone to Watch
While the market has seen some short-term retracement, PlanD remains confident that the bullish structure is intact. He emphasizes that Bitcoin must hold the support zone between $91,000 and $100,000 for the uptrend to continue. If it does, the setup strongly suggests that Bitcoin could climb to $340,000 before the end of 2025.
This potential gain is not based on fantasy but rooted in historical price behavior and solid chart analysis. Bitcoin has previously demonstrated how quickly it can accelerate once it breaks key resistance levels 2021 and 2017 are two standout examples.
Where Bitcoin Stands Now
As of now, Bitcoin is trading at $104,739, showing a modest 0.64% gain in the past 24 hours. More importantly, daily trading volume has spiked by over 31%, hitting $40.03 billion, a sign that investor interest is far from fading.
Before Bitcoin can challenge its previous high of $111,970 again, it must overcome near-term resistances at $106,000 and $109,000. If it clears those hurdles, the journey back into price discovery territory and potentially up to that $340,000 target could begin.
The Bigger Picture: Confidence Amidst Volatility
Despite the recent pullback, PlanD’s analysis brings a sense of confidence to a market often shaken by sudden dips and dramatic news. The long-term trend remains upward, especially if Bitcoin can maintain the key support zone outlined above.
This is a reminder that short-term volatility often masks long-term opportunity something that seasoned Bitcoin investors understand well.
Final Thoughts
Could we really see Bitcoin reach $340,000? If the Cup and Handle pattern continues to play out as expected and the crucial support zone between $91,000 and $100,000 holds firm, it’s not out of the question.
For now, all eyes are on how Bitcoin behaves in the coming weeks. Whether you're a trader, investor, or just crypto-curious, this could be one of the most exciting periods in Bitcoin’s history.
Stay tuned and stay bullish.
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