Bitcoin Roadmap Update: Cup & Handle Targeting $148K

Hello traders, today I am reposting my analysis for Bitcoin on the weekly timeframe with updates.

Right Window – Previous Roadmap
The right chart shows my earlier analysis “Bitcoin Roadmap to $144K by September – Daily Chart Breakout Set”. In that setup, the main uptrend channel (black) from October 2023 and sub-channels (red and cyan) were mapped.
Although I mistakenly closed the trade after the first target was achieved, I still believe the uptrend from mid-March 2024 is ongoing. I have extended my projection to mid-November 2025, with a target of $148K.

Left Window – Current Structure
On the left chart, we see a new bullish pattern developing. This can be interpreted as either a cup & two handles or an inverse head & shoulders.

• Price has already closed above the neckline (white line).
  
• A successful retest of the neckline adds confidence to the breakout.
  
• Fibonacci extension levels project:
  200% ≈ $134K
  260% ≈ $148K
  As long as Bitcoin trades above $100K, I believe the next phases are toward $134K and then $148K.
  
  Proposed Position Setup
• Entry zone: Current price area (~$116K)
  
• Stop-loss: ~$95K (conservative placement below $100K)
  
• Target: $148K
  
• Alternate stop for aggressive traders: Weekly close below $105K (red shoulders-support line)
  
• This setup balances both faster and longer-term trading styles.
  
  Risk-to-Reward Evaluation
  • Potential Profit: ~$32K (from $116K to $148K)
    
  • Potential Loss: ~$21K (from $116K to $95K)
    
  • Risk-to-Reward Ratio: ~1.5 : 1
    
  
  This is acceptable for a weekly swing trade, especially given the uptrend confirmation and multi-pattern confluence.
  
  Key Takeaways & Timeline
  • Trend bias: Bullish
    
  • Main support: $100K (conservative stop-loss below this)
    
  • Main targets: $134K and $148K
    
  • Expected timeline: Mid-November 2025
    
  • Invalidation: Weekly close below $100K (or $105K for aggressive traders)
    
  
  I remain bullish on Bitcoin as long as price respects the green uptrend line (Oct 2023) and holds above $100K. Volatility is expected, but structure remains intact.
  
  Trade safe and size positions according to personal risk tolerance.