Bitcoin‘s ‘most reliable reversal pattern’ hints at BTC price rally toward $160K
2025-07-15 15:42:05
Main Idea
Bitcoin may experience a short-term pullback to the $114,000–$115,000 support zone before continuing its rally toward $160,000, as indicated by technical patterns and on-chain metrics.
Key Points
1. Bitcoin has confirmed an inverted head-and-shoulders (IH&S) breakout, suggesting a potential rally toward $140,000–$160,000.
2. A short-term pullback to $114,000–$115,000 is expected to retest former resistance as support, aligning with the IH&S neckline.
3. The MVRV Z-Score remains below historical peak levels, indicating the rally may still have room to run despite Bitcoin trading near all-time highs.
4. Profit-taking by large holders and an overbought RSI signal short-term downside pressure, contributing to the current correction.
5. Analysts anticipate Bitcoin could reach the IH&S target of $160,000 by August or September if the support zone holds.
Description
Bitcoin may retest the $114,000–$115,000 zone, its former resistance turned support, before BTC price continues its rally toward $160,000.
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