Bitcoin is trading near the low $80,000 zone as two charts show a major long-term setup and a short-term reclaim test. $BTC still needs a clean weekly hold above this area before the larger cup and handle target gains strength.

Bitcoin Cup and Handle Chart Points to $363K Target

Bitcoin is trading near $80,798 on the 2-week Binance chart, while Crypto Patel’s chart maps a long-term cup and handle pattern with a projected target near $363,000.

The chart shows the “cup” forming between the 2021 peak and the 2023 bottom. Bitcoin then recovered through 2024 and entered the “handle” phase after rejecting near the 2024–2025 high area. The handle is shown as a downward-sloping consolidation channel.

Bitcoin Cup and Handle…