Bitcoin News Today: Bitcoin's Weekly Inverse Head-and-Shoulders Breakout Validates $144K Upside Target

Bitcoin’s price action has drawn significant attention as it retests the neckline of an inverse head and shoulders pattern on the weekly chart, a formation that could signal a potential surge toward $144,000 if key support levels hold. The pattern, identified by technical analyst Titan of Crypto, outlines a structural shift in market dynamics following a confirmed bullish breakout in July 2025. The inverse head and shoulders structure, formed between late 2024 and mid-2025, includes a left shoulder in late 2024, a pronounced head in April 2025, and a right shoulder completed by June 2025. The neckline, drawn across the peaks of the shoulders, was decisively breached in July, validating the breakout and setting the stage for an upside target calculated by measuring the height of the head-to-neckline range [1].

The current retest of the $112,000–$114,000 neckline support zone is a critical phase in confirming the pattern’s validity. Price has retraced to this area, with bulls defending the structure to maintain the bullish case. Analysts emphasize that holding above this zone is essential to preserving the pattern’s integrity. “The retest is a natural part of the process after a breakout,” Titan of Crypto noted, adding that a successful defense of the neckline would likely precede a consolidation phase before advancing toward the $144,000 target [1].

Technical indicators reinforce the pattern’s credibility. The weekly candlestick formation reflects sustained momentum, with trading volume remaining elevated at $58.3 billion in the last 24 hours. A decisive breakdown below $112,000 with bearish conviction could invalidate the pattern, but current data suggests institutional and retail participation align with the bullish narrative. The measured move of $32,000 (from the head at $112K to the neckline) projects the $144K target, a standard method in technical analysis [1].

Market observers highlight that the retest serves as a filter for weaker holders, consolidating demand ahead of a potential upward leg. If Bitcoin sustains above the neckline, the next phase may involve a bullish flag or consolidation pattern, offering strategic entry points for investors. The broader market remains focused on sustaining the breakout, with the $112K level acting as a key psychological barrier. A failure to hold above this zone would necessitate a reassessment of the pattern’s validity.

The ongoing price action underscores the importance of structural analysis in navigating Bitcoin’s volatility. As Titan of Crypto reiterated, the inverse head and shoulders pattern provides a clear roadmap for the next phase, with the $144K target contingent on the neckline’s resilience. The market’s ability to defend this critical support zone will likely determine the trajectory of Bitcoin’s near-term movement.

Source: [1] [Bitcoin Shows Potential for Bullish Move Toward $144K After Weekly Inverse Head and Shoulders Breakout] [https://en.coinotag.com/bitcoin-shows-potential-for-bullish-move-toward-144k-after-weekly-inverse-head-and-shoulders-breakout/].