Bitcoin is shaping one of the most powerful reversal patterns traders could ask for: the inverse head and shoulders. After holding the ascending channel’s lower bound and bouncing from the key structure zone, BTC is signaling that bulls may soon take over.
Here’s what stands out on the chart:
Bullish Channel: Price continues to respect the rising channel, maintaining its long-term bullish outlook.
Structure Zone: The $110,000 – $113,000 region is acting as a crucial pivot, flipping from support to resistance.
Inverse Head and Shoulders: A textbook reversal setup is forming, with the neckline aligning perfectly with structure.
Bullish Breakout: A confirmed break above this neckline could trigger the next major impulse move, putting BTC back on track toward higher channel targets.
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Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
Bulls need a clean daily close above the neckline for full confirmation — until then, the setup is in play but not yet validated.
