The post Bitcoin Shows Key Technical Signals Pointing To Possible Rally appeared on BitcoinEthereumNews.com.

Bitcoin forms bullish Inverted Head and Shoulders near $110K resistance. Breakout above $110K could trigger rally past $140K by August 2025. Liquidity near $111K may cause short squeezes, supporting upward momentum. Bitcoin (BTC) is currently forming a large technical pattern that may signal a strong bullish reversal. The Inverted Head and Shoulders formation has emerged on Bitcoin’s 3-day price chart on Coinbase, signaling a possible upward breakout if the price exceeds a key resistance near $110,000. This pattern, widely regarded in technical analysis as a bullish reversal indicator, implies that Bitcoin could enter a new phase of price appreciation. Everyone’s distracted by noise… Meanwhile, $BTC is drawing one of the most powerful reversal patterns:Inverted Head & Shoulders. This is the calm before the breakout.And when it goes… it erupts. CT’s still arguing while Bitcoin loads the next face-melter. pic.twitter.com/q0Hwt7ls5T — Merlijn The Trader (@MerlijnTrader) July 5, 2025 The pattern consists of three main components: the Left Shoulder, the Head, and the Right Shoulder. The Left Shoulder appeared from December 2024 through February 2025, marked by a small price dip followed by a recovery. The Head, representing the lowest point, formed between February and April 2025, marking the deepest decline in this sequence. The Right Shoulder developed from May to June 2025 and shows a price level roughly equal to the Left Shoulder but above the Head’s low. A major breakout line, drawn horizontally near $110,000, connects the highs following the Left and Right Shoulders. Source: X The chart projection depicts a moderate reversal following the breakout prior to the rebound of Bitcoin on a vigorous uptrend. This projection estimates the target price at above $140,000 by August 2025, when this rally may happen due to the estimated breakout. Recent Market Momentum and Consolidation Bitcoin’s daily price chart shows a continuing…

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Filed under: News - @ July 6, 2025 1:02 am