Bitcoin confirms inverse head and shoulders breakout with targets set between $140K and $160K.
RSI and MVRV Z-Score indicate room for further upside as momentum remains intact.
Analysts track $114K–$115K as retest support while watching $131K, $144K, and $158K resistance.
Bitcoin is trading within a confirmed bullish structure following a breakout from an inverse head and shoulders (IH&S) pattern on the weekly chart. The price has moved with strong momentum, forming higher lows and breaching neckline resistance. At the time of writing, BTC was trading at $118,464.
Confirmed Breakout Targets $140K–$160K Range
Bitcoin completed a multi-month IH&S pattern, breaking the neckline near $113,000. The price then moved quickly from below $90,000 to above $120,000, forming a series of higher lows and higher highs. “Bitcoin is heading to $160K,” Tardigrade posted alongside a chart of the pattern on X.
https://twitter.com/TATrader_Alan/status/1945065569818173484
Chartist Merlijn the Trader also identified the IH&S pattern on both the three-day and weekly charts. He confirmed that the breakout “has begun,” and expects a measured move to at least $140,000. He called it “one of the most reliable reversal patterns in crypto.”
The neckline zone between $114,300 and $115,600 may act as a retest area. Analyst believes a bounce from this level would confirm strength and support continuation toward the higher targets.
On-Chain and Technical Signals Support Bullish Momentum
Technical indicators remain aligned with the bullish outlook. The RSI has cooled to 65, down from recent overbought levels, allowing room for further upside. The MVRV Z-Score remains below historical peak zones, indicating price is not yet overheated.
According to Ali Martinez, BTC has already hit a $121,000 target from a previous breakout. He now tracks resistance at $131,000, $144,000, and $158,000. The market cap has reached $2.38 trillion, showing rising investor interest despite the recent pullback.
Institutional inflows continue to support the rally, while on-chain data shows reduced volatility. With the IH&S breakout confirmed, analysts are watching for Bitcoin to approach the $140K–$160K zone in the coming months.
The post Bitcoin Confirms Inverse Head and Shoulders Breakout, Analysts Now Target $160K by Q3 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
