Bitcoin is forming a daily inverse head and shoulders pattern with a $132,000 measured breakout projection.
The neckline sits near $100,000, and traders await a high-volume close to confirm bullish continuation
If confirmed, the pattern could trigger a major rally, sending BTC beyond six figures in the coming sessions
Bitcoin is showing a potential inverse head and shoulders pattern on the daily chart, signaling a possible bullish breakout ahead. The current structure, posted on June 22, 2025, by trader CryptoBoss, displays a clear left shoulder, head, and developing right shoulder. Price is now hovering near $98,918 while bulls prepare for a possible move above key resistance.
Source: X
The visual formation ends with a sharp upward projection leading to levels near $132,000. This classic pattern is known in technical analysis for signaling a market bottom before a rally. With the neckline sitting near the $100,000 level, the market could react if volume confirms a breakout.
The idea shared in the tweet, captioned “$BTC what if...,” attracted over 64,000 views, sparking trader curiosity. The suggestion implies that a clean break above the neckline could trigger renewed upside momentum. Traders are watching closely for confirmation in the coming days.
Structure Suggests Key Breakout May Be Building
Technical analysts recognize the inverse head and shoulders as a strong reversal indicator after a sustained downtrend. In this case, Bitcoin’s left shoulder formed around January, followed by a deep correction that formed the head in April. The right shoulder appears to be building now in late June.
This setup relies on price forming three troughs with the middle one being the lowest. A neckline drawn across the recent highs forms the breakout level. If price closes decisively above the $100,000 area, the breakout projection targets $132,000.
The right shoulder development marks the current phase. The success of this pattern depends on buyer momentum and consistent trading volume. Historically, this pattern tends to work best in trending markets with strong liquidity.
If Bitcoin breaks above the neckline and holds the level, traders expect an extended move. The measured move projection—from the bottom of the head to the neckline—adds directly to the breakout point. This places the technical target at $132,000.
Market Eyes Confirmation as Volume Becomes Crucial
Traders are focused on two main signals: daily close above the neckline and increasing trading volume. Without strong volume, breakouts from this structure may fail or trap buyers. That risk makes confirmation critical before larger positions are taken.
Price is currently around $98,918 with buy-side pressure testing the neckline repeatedly. Bulls are likely aiming to close above $100,000 in the coming sessions. A strong breakout from this range could invite momentum traders back into the market.
The chart shared by CryptoBoss used Coinbase data and marked the projection date as July 29, 2025. If the setup holds, it could signal the start of another bullish leg in Bitcoin’s macro cycle.
Could This Inverse Pattern Push Bitcoin Toward $132,000?
This classic pattern has raised a pivotal question—will this setup push Bitcoin into a sustained breakout beyond six figures? The chart implies that price could revisit $132,000 if the neckline breaks.
Traders now await confirmation signals, particularly a clean breakout paired with daily volume above recent averages. While bears remain active, a breakout could quickly change sentiment.
As Bitcoin approaches the neckline level again, all eyes are on the daily close. The market is watching to see whether this pattern delivers its bullish target.
