Bitcoin 'cup and handle' breakout gives $230K target as SOL eyes 2800% gain

Key points:

Bitcoin can reach $230,000 if a classic breakout move completes successfully, a new prediction states.

In his  latest analysis , the popular X content creator, Trader Alan, delivered a giant $4,390 Solana price target.

Solana “waiting” for breakout with $4,390 target

Bitcoin has spent seven weeks acting  within a narrow range , but as time goes on, anticipation is growing as to where BTC price action will head next.

For Trader Alan, a familiar chart pattern holds the key — and so far, progress is exactly what bulls are hoping for.

“Bitcoin and Solana Cup and Handle Pattern on monthly chart,” he told X followers, adding that SOL/USD is currently attempting to copy BTC.

A cup-and-handle pattern is a well-known bullish setup in which price returns to a previous high, consolidates and then continues higher, often with explosive results.

As  Cointelegraph reported , BTC/USD has already completed a long-term cup and handle, from its 2021 peak to 2022 low and back up, followed by its first trip to the $100,000 mark.

“$BTC has broken out the handle while $SOL is still waiting for the breakout,” Alan claims about the latest iterations of the pattern, which in Bitcoin’s case extends the breakout beyond the 2021 high.

“This pattern sets $BTC and $SOL to targets of $230,000 and $4,390 respectively.”

BTC/USD vs. SOL/USD comparison. Source: Trader Alan/X

Bitcoin dominance keeps altcoins in check

While the BTC/USD target still represents 115% gains, it is comparatively modest when viewed next to Solana’s roadmap, which calls for upside of nearly 3,000%.

SOL/USD currently trades at around $150, while the pair’s all-time high from January 2025 is $294, per data from  Cointelegraph Markets Pro  and  TradingView .

SOL/USD 1-week chart. Source: Cointelegraph/TradingView

In the absence of “ altseason ,” however, such a parabolic move faces significant hurdles. Bitcoin’s dominance of the overall crypto market cap continues to grow, passing 65% to reach its highest levels since early 2021.

However, as  Cointelegraph noted , BTC dominance hitting 70% has historically coincided with the start of altcoin strength.

Earlier, popular trader and analyst Rekt Capital added that this cycle may not need a tag of the 70% zone for altseason to begin.

Bitcoin crypto market cap dominance 1-week chart. Source: Cointelegraph/TradingView