Bitcoin bulls have something to cheer about as a classic bullish reversal pattern—the inverted head and shoulders—has formed on the BTC/USDT pair on Binance, signaling the potential for a major breakout.
Chart Pattern Hints at Strong Upside
The inverted head and shoulders is a technical formation often seen at market bottoms, where a downward trend begins to reverse. This
setup typically consists of three troughs—the middle one (the "head")
being the lowest—separated by two higher lows (the "shoulders"), and
is completed when price breaks above the "neckline."
According to chart data from Binance and corroborated by multiple trading platforms like TradingView, Bitcoin has broken above its neckline resistance around the $72,000 zone. This bullish structure, if fully realized, could project Bitcoin’s next major move toward $150,000, based on standard technical measurement principles.
Analysts Back the Technical Setup
Analyst Michaël van de Poppe stated on X (formerly Twitter),
“Bitcoin breaking above this neckline confirms a major shift in momentum. If
volume holds, we’re looking at $130K–$150K by Q1 2026.”
Blockchain analytics firm Glassnode also reported an uptick
in on-chain activity and long-term holder accumulation, which typically aligns
with the beginning of a macro bullish phase.
Meanwhile, a report from Cointelegraph emphasized
that “inverted head and shoulders patterns have historically preceded major
crypto rallies,” with similar structures seen in 2020 before Bitcoin’s surge to
$69,000.
Broader Market Confidence Growing
The formation appears just as the broader crypto market
begins showing signs of strength. Institutional flows into spot Bitcoin ETFs
have resumed after a brief lull, while global macro conditions—such as easing
inflation and potential Fed rate cuts—are creating a favorable environment for
risk assets.
CryptoQuant noted in a recent article that whale
accumulation is back near 2021 levels, reinforcing the bullish sentiment
already sparked by the technical breakout.
Conclusion: If the inverted head and shoulders
pattern plays out fully, Bitcoin could be on track for $150,000—a target
that now seems more than just hopeful speculation. Traders and long-term
investors alike are keeping a close eye on volume confirmation and macro trends
to see if history repeats itself.
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