Bitcoin Confirms Inverse Head and Shoulders Breakout, Analysts Now Target $160K by Q3
๐ Pattern Breakdown:
Left Shoulder: Formed in early 2025 around the $105K range
Head: Created in March 2025, with a deeper dip
Right Shoulder: Developed in June 2025
Neckline Resistance: ~$112Kโ113K
This pattern is significant because it often indicates a shift from a downtrend to an uptrend when the neckline is broken with strong volumeโexactly what has now occurred.
๐ Market Confirmation:
Bitcoin broke above the neckline, closing decisively higher with increasing volume
A 9% weekly gain and rising trading volume (~$42.7B in 24h) confirm bullish sentiment
Whale accumulation and reduced exchange reserves suggest strong investor confidence
๐ฏ Price Targets:
Based on the patternโs height, Bitcoinโs projected move is toward $140Kโ150K, as long as the breakout holds and the $112K neckline turns into support.
โ ๏ธ Watchpoints:
A retest of the neckline is possible. If Bitcoin holds above it, the uptrend is likely to continue.
If it falls back below $112K, the pattern could fail, with support likely near $105K.
โ Conclusion:
Bitcoinโs confirmation of the inverse head-and-shoulders signals a potential bullish breakout, with technical indicators and on-chain data aligning. If momentum continues and support holds, BTC could target the $140Kโ150K zone in the coming weeks.