A multi-year cup-and-handle pattern on Bitcoin’s weekly chart is now flashing a potential breakout target above $220,000 — with some measured models pointing as high as $295K.

Why traders are paying attention:
• Bitcoin successfully retested the critical $65K–$74K breakout zone
• Cup-and-handle formations historically precede massive continuation rallies
• Long-term bullish structure remains intact as long as $74K holds

At the same time, Binance spot trading volume has collapsed 81% from October 2025 highs, dropping from nearly $199B to $36B.

Interestingly, analysts say this kind of volume collapse has historically appeared near the END of major bearish phases, not the beginning.

The idea is simple:
When selling pressure dries up, volatility eventually returns — often violently to the upside.

Now the market is watching whether Bitcoin can defend the $74K support region. If it does, many traders believe the next major leg higher could already be starting.