Bitcoin Confirms Inverse Head and Shoulders Breakout, Analysts Now Target $160K by Q3

๐Ÿ“ˆ 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: ~$112Kโ€“113K

This pattern is significant because it often indicates a shift from a downtrend to an uptrend when the neckline is broken with strong volumeโ€”exactly what has now occurred.

๐Ÿ” 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

๐ŸŽฏ Price Targets:

Based on the patternโ€™s height, Bitcoinโ€™s projected move is toward $140Kโ€“150K, as long as the breakout holds and the $112K neckline turns into support.

โš ๏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.

โœ… Conclusion:

Bitcoinโ€™s 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 $140Kโ€“150K zone in the coming weeks.