Bitcoin Retesting Inverse Head and Shoulders Neckline, Possible Rally Toward $150K Target

Key Points

1. Bitcoin is retesting the inverse Head and Shoulders neckline at $109,300–$112,000, a critical support zone for confirming the breakout's validity.

2. The inverse H&S pattern formed in early 2025, with the left shoulder in January, the head near $93,000 in March, and the right shoulder in June.

3. A break above $120K resistance could confirm momentum toward the $140K–$150K technical target.

4. The $96,000 level is a key invalidation point; dropping below it would negate the bullish pattern.

5. A successful retest with strong volume suggests buyer confidence and potential upward movement toward the $140K–$150K range.