Bitcoin Bullish Inverse Head & Shoulders Pattern Targets $150K Breakout
Bitcoin is forming a bullish inverse head and shoulders pattern on the three-day chart, signaling a potential end to the recent downtrend and the start of a new uptrend. A decisive breakout above the neckline could drive BTC toward $150,000, marking a fresh all-time high. Supporting this outlook are a major pennant formation, a steady on-balance volume (OBV) increase suggesting smart-money accumulation, and exchange BTC balances sliding to 2017 lows—indicating reduced selling pressure. Historical precedents saw similar OBV divergences precede substantial rallies, while alignment with Bitcoin’s power-curve cycle points to a peak in late 2025. Traders should watch for a confirmed breakout with rising volume and manage risks around failed breakouts, OBV reversals, or adverse macro and regulatory events.
Bullish
The emerging inverse head and shoulders and bull flag patterns, alongside rising OBV and dwindling exchange balances, point to strong accumulation and breakout potential. Historically, these technical setups have preceded major rallies. A confirmed breakout above key resistance with volume would likely trigger a rapid price ascent toward $150K. In the short term, traders can capitalize on the breakout momentum; in the long term, alignment with Bitcoin’s power-curve cycle suggests continued upside into late 2025, provided no major regulatory or macro shocks derail the trend.