Bitcoin Shows Potential for $140K–$160K Range Following Weekly Inverse Head and Shoulders Breakout
The post Bitcoin Shows Potential for $140K–$160K Range Following Weekly Inverse Head and Shoulders Breakout appeared on BitcoinEthereumNews.com.
Bitcoin’s recent breakout from a weekly inverse head and shoulders pattern signals a strong bullish momentum, with price targets soaring between $140K and $160K. Technical indicators such as RSI and MVRV Z-Score suggest that Bitcoin still has significant upside potential, supported by steady institutional inflows and on-chain stability. According to COINOTAG analysts, the $114K–$115K range is a critical retest support zone, while resistance levels at $131K, $144K, and $158K are key milestones to monitor. Bitcoin’s confirmed inverse head and shoulders breakout sets bullish targets from $140K to $160K, supported by strong technicals and institutional interest. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin’s Inverse Head and Shoulders Breakout Validates Bullish Price Targets Bitcoin’s weekly chart has confirmed a decisive breakout from a classic inverse head and shoulders (IH&S) pattern, a technical formation widely regarded as a reliable bullish reversal signal. The breakout above the neckline near $113,000 has propelled BTC’s price upward, with the asset currently trading above $118,000. This breakout is characterized by a series of higher lows and higher highs, underscoring a sustained upward momentum. Market participants are now eyeing the $140,000 to $160,000 range as realistic price targets, reflecting the measured move projected by the IH&S pattern. This technical development aligns with growing investor confidence and renewed buying interest. Critical Support and Resistance Levels to Watch The neckline zone between approximately $114,300 and $115,600 is…
Filed under: News - @ July 17, 2025 8:26 am