Bitcoin‘s ‘most reliable reversal pattern’ hints at BTC price rally toward $160K

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.