📈 BTC and the shoulders on which hope rests
Bitcoin has broken above $113,000, confirming the "inverted head and shoulders" pattern - a classic reversal signal. Yes, that very pattern that traders draw on charts with the same enthusiasm as children - a sun in the corner of a notebook.
💡 The technicals say: target - $140K, and those particularly inspired (hello, Trader Tardigrade) are waiting for $160K.
Even a short-term correction of -5.65% looks more like a breather - RSI is cooling off, and BTC may visit the CME gap zone ($114,300–$115,600) before going higher.
🔍 And here's what’s important: the MVRV Z-Score - an indicator of overvaluation - is not in the red zone yet.
This means that the market is not yet overvalued… although it may be undervalued.
🛠️ In short: the pattern has played out, the rebound is logical, and the market is still not at its peak. And if you are still waiting for the "perfect entry" - don't forget that BTC rarely has a second shift.
