Key Takeaways
Two inverse head-and-shoulders (IH&S) formations on Bitcoin’s weekly chart suggest price targets between $170K and $360K.
Spot Bitcoin ETFs saw $1.15B in inflows this week, the strongest in nearly two months, signaling renewed institutional demand.
Bitcoin Technical Analysis: $170K First, $360K Next?
Bitcoin’s price action is showing signs of what analysts are calling a “supercycle ignition.” On the weekly chart, BTC has formed two inverse head-and-shoulders (IH&S) patterns — a historically bullish signal.
The smaller IH&S (since Nov. 2024) broke above its $112K neckline in July. Its measured target points to $170K, about 49% higher than current levels.
The larger IH&S (since Mar. 2021) broke out above $73K in Nov. 2024. After successfully retesting that level in April, the setup remains valid with a projected target of $360K, a 217% gain from today.
“The Bitcoin inverse head and shoulders of dreams has now doubled,” analyst Merlijn The Trader said, calling it “the supercycle ignition.”
On shorter time frames, a similar IH&S projects a near-term $120K target as long as Bitcoin holds above $113K.
Institutional Demand Rebounds Through Spot ETFs
Momentum is not just technical — it’s also being reinforced by renewed inflows into spot Bitcoin ETFs.
$1.15B in inflows between Monday and Wednesday.
$752M on Wednesday alone, the biggest single-day inflow since mid-July (SoSoValue).
Market intelligence firm Santiment noted:
“Money is moving back into Bitcoin ETFs at a rapid rate as retailers impatiently drop out of crypto. Previous rallies were boosted by inflow spikes like this.”
Supercycle Outlook
If history rhymes, Bitcoin may be at the start of its largest-ever expansion phase, with ETF demand, dovish Fed expectations, and technical chart setups all pointing toward higher highs.
The roadmap:
Short term: $120K–$170K range.
Cycle target: $360K if the larger IH&S completes.
