Bitcoin Breaks Out of Inverse Head and Shoulders Pattern, Eyes $140K–$150K Range

Bitcoin broke above the $113K neckline, confirming a multi-month inverse head and shoulders reversal with a clear target of $140K–$150K.

On-chain data shows declining exchange reserves and strong whale accumulation, supporting further price growth during this fresh bullish trend.

Price may retest the $112K support zone, which could serve as a launch point if held, reinforcing market confidence in continued upside movement.

Bitcoin has confirmed a bullish breakout from an inverse head and shoulders pattern, shifting from consolidation to a renewed upward trend.

Textbook Technical Breakout Unfolds

A recent post by market analyst Jelle (@CryptoJelleNL) revealed Bitcoin’s breakout from a clearly defined inverse head and shoulders pattern. The pattern developed over several months, with the head forming in March 2025 and shoulders aligning in January and June. A neckline resistance zone, positioned around $112K to $113K, was recently breached.

This breakout establishes bullish reversal. I am projecting a target of $140K based on the measured move from neckline to head. There is room for further upside if the market continues its upward momentum. Traders are taught that this is one of the most reliable reversal patterns on long time frames.

Momentum and Market Structure in Sync

Price momentum appears to be aligning with technical strength, supported by rising volumes and institutional interest. Analysts observe accumulating pressure from whales and long-term holders. These trends are reflected in declining exchange reserves and increasing dormancy across wallets, indicating strong hands remain in control.

The breakout meanwhile has been aided by a 9.07% weekly gain, taking the price of bitcoin to $117,822. The 24-hour trade volume of $42.7 billion illustrates high activity and liquidity… Such volume spikes typically confirm the legitimacy of chart patterns, offering confidence to market participants.

Retest of Neckline Could Define Short-Term Path

Despite the rally, market observers expect a potential retest of the $112K zone. This former resistance now serves as support and may be tested before the next move higher. A successful hold of this level could open the door for further gains.

Bitcoin has shifted from a multi-month consolidation, into what seems to be transitioning into breakout rally, indicating shifting sentiment-change in the market. If momentum continues and the support holds, there is a possibility of hitting the bottom of the projected target around $140K–$150K if the pattern plays out. Traders are closely watching price behavior around the neckline in anticipation of the next surge.

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