Bitcoin formed a textbook inverse head and shoulders pattern, breaking out above resistance and confirming bullish market structure.
BTC is retesting the breakout zone between $114K and $117K, aligning with a CME gap that often attracts closing price action.
With support holding and pattern targets pointing higher, BTC could begin the next leg up with projections aiming toward the $160K region.
Bitcoin (BTC) has renewed momentum after a technical break, which could be signaling an upward continuance. The digital asset is trading at $114,554 at the time of writing, with 24-hour volume over $54.5 billion.
Breakout from Inverse Head and Shoulders Pattern
Bitcoin recently broke out from an inverse head and shoulders pattern—widely regarded as a reliable reversal structure. This formation included a clearly defined left shoulder, head, and right shoulder, followed by a decisive breakout above the neckline.
The neckline, which acted as diagonal resistance from December 2024 through July 2025, has now been surpassed. After the breakout, BTC began to retest the neckline, hovering around the $114,000–$117,000 zone. Such a retest is often viewed as healthy, confirming the former resistance as new support.
A tweet from BitBull emphasized that BTC’s recent move was technically sound and shows no bearish traits. According to the post, the retest is aligning perfectly with historical breakout behavior, reinforcing the bullish narrative.
https://twitter.com/AkaBull_/status/1951189162335310188
CME Gap Near $114.2K Draws Market Attention
Another focal point is the CME gap around $114.2K. Market watchers often expect these gaps—created during off-market hours on futures exchanges—to get filled during normal trading sessions.
BTC’s current movement toward this level may serve as a short-term objective during the ongoing retest. BitBull noted that the price is “gravitating right toward that level,” suggesting the gap could be filled imminently.
If the gap fill coincides with a bounce from this zone, it may reinforce the support and signal the next upward leg. Historically, such confluences of support and technical validation attract increased market interest.
Price Target Points Toward $160K If Setup Holds
Using the height of the inverse head and shoulders pattern, the projected price target could stretch toward $160K. This is based on standard technical analysis metrics used to estimate breakout potential.
The market has not shown signs of weakness below the retest zone. Instead, it is maintaining stability, indicating confidence among long-position holders.
BTC’s behavior aligns with a classic continuation setup, with traders closely monitoring for confirmation of a rebound and further upside.
