Bitcoin is undergoing a critical retest of the $113,000-$115,000 neckline within its inverse head and shoulders formation, with analysts indicating this phase could determine whether BTC surges toward $150,000. A successful hold at this technical level would validate the bullish continuation pattern historically associated with significant price appreciation.
The inverse head and shoulders setup converges with robust macroeconomic catalysts for digital assets. U.S. dollar liquidity is expanding at its fastest rate since Q3 2024, while Federal Reserve interest rate cuts and relaxed Supplementary Leverage Ratio (SLR) rules further bolster market conditions. This dual foundation of technical strength and macro momentum reinforces institutional confidence in Bitcoin’s trajectory.
Prominent technical analyst @el_crypto_prof characterizes the current retest as a ‘textbook bullish continuation’ event—the final technical checkpoint before a potential breakout. Market observers note that sustained stability above the neckline, combined with accelerating institutional inflows under favorable regulatory shifts, could activate the pattern’s projected upside target of $150,000.