Key Points:
According to analysis, if Bitcoin and Solana successfully complete the cup and handle pattern, they may reach parabolic new highs.
The price targets for BTC and SOL are $230,000 and $4,390, respectively.
SOL/USD needs to achieve nearly a 3000% increase to reach the breakout peak.
If BTC successfully completes the classic breakout pattern, it could reach $230,000, as indicated by a new prediction.
In his latest analysis, renowned X content creator Trader Alan provided a massive price target for SOL at $4,390.
Bitcoin has been trading within a narrow range for seven weeks, but expectations for BTC's price movement are growing over time.
For Trader Alan, a familiar chart pattern is key—so far, the progress has been exactly what the bulls hope for.
“Bitcoin and Solana's monthly charts show a cup and handle pattern,” he told his fans on X, adding that SOL/USD is currently trying to replicate BTC.
The cup and handle pattern is a well-known bullish setup where the price returns to a previous high, consolidates, and then continues to rise, often resulting in explosive outcomes.
As reported by Cointelegraph, BTC/USD has completed a long-term cup and handle pattern, rising from the 2021 high to the 2022 low and then first reaching the $100,000 level.
“$BTC has broken the handle, while $SOL is still waiting for the breakout,” Alan claimed about the latest iteration of the pattern, where Bitcoin's situation will extend the breakout beyond the 2021 high. “This pattern sets targets of $230,000 for $BTC and $4,390 for $SOL.”
While the BTC/USD target still represents a 115% increase, it seems relatively mild compared to Solana's roadmap, which requires nearly a 3000% rise.
According to data from Cointelegraph Markets Pro and TradingView, SOL/USD is currently trading at around $150, while the pair's historical high was $294 in January 2025.
However, such parabolic movements face significant obstacles in the absence of a "altcoin season." Bitcoin's dominance in the overall cryptocurrency market capitalization continues to grow, exceeding 65%, reaching its highest level since early 2021.
However, as Cointelegraph points out, Bitcoin's dominance reaching 70% historically coincides with the beginning of strong altcoin performance.
Earlier, renowned trader and analyst Rekt Capital added that this cycle may not need to reach the 70% area label to start an altcoin season.
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