Bitcoin has completed an inverse head and shoulders pattern and is now retesting its neckline between the $113K and $115K range.
The breakout confirmation signals bullish continuation, with price behavior at the neckline set to determine the next directional move.
Liquidity expansion in the U.S. supports a strong macro environment, reinforcing the setup for Bitcoin’s next potential upside toward $150K.
Bitcoin breakout signals are gaining strength as the cryptocurrency retests a critical neckline following a confirmed inverse head and shoulders pattern. Traders are closely tracking the $113K–$115K zone as the market awaits the next move.
Pattern Completion Sets the Stage for Retest
@el_crypto_prof has identified a clearly defined inverse head and shoulders formation on Bitcoin’s 3-day chart. This classic bottoming pattern, known for its bullish outlook, appears to be unfolding in sequence.
The left shoulder developed through consolidation and a dip, followed by a deep retracement that formed the head. A higher low then formed the right shoulder, signaling returning buyer interest. The neckline was broken recently, confirming the breakout.
Now, the price has returned to retest this neckline area, a step often observed in this pattern. The current level—around $113K–$115K—represents a key decision point. Historical price behavior suggests successful retests of this kind can lead to a strong continuation toward projected targets of $140K–$150K.
Momentum Builds as Retest Plays Out
The retest phase is widely seen as a final check before a possible surge. According to @el_crypto_prof, the chart shows a “textbook bullish continuation,” and the message is simple: “The clock is ticking.”
Price action around the neckline is now under close observation. This stage often invites renewed volume from traders waiting for confirmation. A firm hold of the retest level could act as a launchpad for the next leg of the move.
The structure’s integrity remains intact, and the current pullback is still within expected parameters. If the price stabilizes in this zone, bullish momentum may resume without delay.
Macro Conditions Add Fuel to the Fire
Adding to the technical narrative, @Zynweb3 shared that Bitcoin closely follows global M2 liquidity trends, while altcoins track U.S. liquidity. As of now, U.S. liquidity is growing at its fastest pace since Q3 2024—up 1.09% year-over-year.
This expansion is expected to accelerate as more Treasury bills are issued, SLR rules ease, and the Federal Reserve proceeds with 2–3 expected rate cuts in 2025. Such a backdrop may provide broader support for digital assets, further amplifying the technical setup already in motion.
Bitcoin is retesting a confirmed neckline at a time when liquidity trends align with bullish expectations. With the pattern in place and the level being tested, the next phase may arrive sooner than expected.
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