- Bitcoin completes multi-year Cup and Handle formation.
- Both BTC and ETH show strong pump signals.
- BTC multi-year pattern could shoot its price to the $220,000 price range.
The crypto community welcomes the final days of July 2026 and prepares to commence with the start of August 2026. Today, the price of BTC is back up to the $64,000 price range, igniting hope for the market to push towards the bullish side. Amid the many discussions in the space, one expert notices how Bitcoin completes multi-year Cup and Handle formation, as both BTC and ETH show strong pump signals.
Bitcoin Completes Multi-Year Cup and Handle Formation
Over the past few weeks, the price of the pioneer crypto asset, Bitcoin (BTC), has been trading sideways between the $61,000 – $65,000 price range and analysts believe that one final dip is awaiting the asset before the end of the bear market. Thus, before the bull market can begin, traders and analysts are patiently waiting for the last dip to play out. This dip was initially expected to take the price of BTC to the $40,000 price range.
Now however, after several bearish analysts assessed the market, it looks like the lowest the price of BTC can dip towards is the $54,000 price range. The expert believes that there is far too much liquidity sitting in the $54,000 price range for BTC to fall any further. Thus, he began to accumulate BTC and will continue to heavily do so when BTC trades between the $54,000 and $64,000 price range.
To be fair; the most undervalued asset right now in the #Crypto markets is $ETH.
I'd be surprised if we look back in five years and say: well, $2,000 was too expensive back then.
The Clarity Act comes in and provides the framework to build on.
Infrastructure plays like $ETH… pic.twitter.com/GBeATNic6Y— Michaël van de Poppe (@CryptoMichNL) July 29, 2026
Besides BTC, ETH is also showing massive bullish signals. As we can see from the post above, this expert marks ETH as the most undervalued asset in the crypto market at the moment. He says the price of ETH being under $2,000 is a golden opportunity to accumulate before the Clarity Act comes into play which will propel the price of ETH, making it one of the biggest gainers in the coming bull cycle.
BTC and ETH Show Strong Pump Signals
With ETH having recently broken out of a 4-year downtrend against BTC, the pioneer altcoin asset is finally looking good to bet on. Already, several traders and analysts have begun to heavily accumulate the asset, and some have been accumulating since the last bull cycle, preparing for this bullish upturn. Thus, both BTC and ETH are being heavily accumulated at the moment.
Another bullish sign for BTC is highlighted in the post above, where the expert marks how BTC has made a multi-year Cup and Handle formation. He even observes how the breakout and retest played out perfectly, which confirmed the structure. Now, the pattern that took years to build, can only result in a parabolic surge in price. Thus, he concludes that the minimum target for the massive breakout sits at the $220,000 price range.
