$BTC /USDT
BTC Cup and Handle Breakdown (Feb 2026)
BTC is forming a classic multi-year Cup and Handle on the weekly chart:
• Cup: Long consolidation from the 2021–2025 cycle.
• Handle: Current pullback from ~$126k to $60–$70k, forming a downward channel. Breakout above $90–$95k with strong volume is needed to activate the pattern.
Key Levels:
• Support: $60k – must hold to keep the handle intact.
• Bull Trap Risk: Below $55k invalidates the pattern.
• Target: $300k via measured move, but hitting this in 6 months requires extreme bullish catalysts.
Market Context:
• Crypto winter continue