Inverted head & shoulders formation on BTC price chart appears.
Final right shoulder in the process of being printed.
This formation could send BTC price from $113,000 to $140,000.
The crypto market starts the new week strong with the price of Bitcoin (BTC) trading above the $106,500 price mark. This, paired with the fact that the Crypto Fear & Greed Index is at a ‘Neutral’ sentiment with a score of 50, shows that the price of BTC is yet to hit more bullish prices. Supporting this expectation is the inverted head & shoulders pattern forming on the BTC price chart.
Inverted Head & Shoulders Formation on BTC Price Chart
After a challenging week caused by Trump and Musk’s public breakup and the looming threat of war, the crypto market continues to show its resilience, leading to growing expectations for greater price pumps ahead. This move comes as a surprise to some crypto analysts who expected another greater dip for the price of Bitcoin (BTC), to 5-digit prices before another major price surge.
In contrast, other reputed crypto analysts believe that the time for Bitcoin to have faltered is over and done with. After all, Bitcoin spent nearly all of Q1 of 2025 in a prolonged correction phase that took its price to the lower $70,000 price range, a price close to its previous ATH target. This prolonged correction phase was seen by many analysts as a much-needed move to restore a healthy crypto market led astray by Bitcoin’s early pump this bull cycle.
To highlight, Bitcoin went on to hit a new ATH price before the Bitcoin Halving event. This led to an early pump in BTC prices and a delayed arrival to ETH and altcoins pumping, meaning a greater delay for the bull cycle’s altseason peak phase. Despite the slow altcoin movement, Bitcoin has continued to outperform. Before its 6-digit ATHs, Bitcoin faced brutal dips caused by several market movements, like the German government selling its BTC.
$140,000 Bitcoin’s Next ATH Target?
Now, analysts believe that nothing else will delay the arrival of the Bitcoin super cycle pump phase, and the previous week is proof of that. As BTC whales continue to show strength and resilience, allowing BTC to maintain prices above the $105,000 mark, it is very likely that the price of BTC will continue to pump in the coming days ahead. In fact, one of the biggest signs seems to be forming on the BTC price chart right now.
https://twitter.com/MerlijnTrader/status/1934158940914516341
As we can see from the post above, this analyst observed that an inverted head & shoulders pattern seems to be forming on the BTC price chart. As the image depicts, the left shoulder and the head are ready, with the right shoulder yet to be printed. The analyst concludes that once the formation is complete at a neckline of $113,000, then the price of BTC could pump to hit a new ATH bull target set at $140,000.
