$BTC Bitcoin (BTC) is currently forming a large technical pattern that may signal a strong bullish reversal. The Inverted Head and Shoulders formation has emerged on Bitcoin’s 3-day price chart on Coinbase, signaling a possible upward breakout if the price exceeds a key resistance near $110,000. This pattern, widely regarded in technical analysis as a bullish reversal indicator, implies that Bitcoin could enter a new phase of price appreciation.
The pattern consists of three main components: the Left Shoulder, the Head, and the Right Shoulder. The Left Shoulder appeared from December 2024 through February 2025, marked by a small price dip followed by a recovery. The Head, representing the lowest point, formed between February and April 2025, marking the deepest decline in this sequence.
The Right Shoulder developed from May to June 2025 and shows a price level roughly equal to the Left Shoulder but above the Head’s low. A major breakout line, drawn horizontally near $110,000, connects the highs following the Left and Right Shoulders
