- Bitcoin’s breakout from a descending wedge and inverse head & shoulders confirms strong bullish momentum targeting over $100,000.
- A clear breakout above the $83,000 neckline signals a trend reversal, supported by higher lows and renewed bullish structure.
- The $83,000 level now acts as critical support as Bitcoin eyes price projections potentially reaching up to $127,500.
According to analyst Titan Of Crypto, the price action of Bitcoin in the recent months has created a bullish setup. The cryptocurrency is currently moving within a broadening descending wedge setup, which is also showing some signs of a short-term reversal. In early April 2025, the price closed above key resistance levels, a trend that signifies a likely major bull trend.
Descending Broadening Wedge and Inverse Head & Shoulders
The broadening wedge pattern started forming in January 2025. The price has been oscillating between lower highs and lower lows since then. The pattern, characterized by growing volatility, has traditionally been a typical precursor to large trend reversals. Bitcoin’s wedge is around $90,000 to $72,000, with price action forming within the boundaries of that range.
Within this wedge, Bitcoin has also developed an inverse head and shoulders pattern. The left shoulder formed in late February, with a brief recovery near $76,000. The head formed in March, with a deeper dip to $72,000, followed by a strong reversal. The right shoulder materialized as the price briefly dipped again before reclaiming levels near $83,000. This formation set up a clear neckline at $83,000, which Bitcoin has now broken through.
Bullish Breakout and Price Projections
An important development is the breakout over the inverse head and shoulders neckline as well as the wedge resistance. This breakout lays the groundwork for a major upward surge and validates the bullish reversal potential. According to the measured move theory, Bitcoin may soar above $100,000 in the upcoming weeks, with some forecasts putting it as high as $127,500.
A possible trend continuation is made possible by the present price action, which shows that the consolidation phase is over. The argument for bullish momentum has been reinforced by higher lows and a change in structure. These factors helped support Bitcoin’s breakthrough, and if the price retests the $83,000 mark soon, it will be a crucial support zone.
