- The monthly chart for Bitcoin forms a classic inverse head and shoulders formation, predicting a possible price shift towards the $350,000 mark.
- Whales with more than 10,000 BTC are accumulating massively on-chain, reflecting high confidence in Bitcoin’s long-term trend.
- Bitcoin ETFs saw renewed inflows during this price appreciation, supporting institutional buying within this price rise.
Bitcoin has confirmed a technical breakout on its monthly chart, following a long-formed inverse head and shoulders (IH&S) pattern. The structure signals a shift in market momentum and positions BTC for possible extended upside.
Structure Breakout and Pattern Validation
Bitcoin’s chart presents a classic inverse head and shoulders setup, widely viewed as a bullish reversal pattern. The left shoulder developed in 2021, the head formed during the 2022 market bottom, and the right shoulder unfolded through 2023 and into 2024. In early 2025, BTC broke through the neckline resistance, followed by a confirmed retest.
Crypto analyst Trader Tardigrade described the chart as a “Beautiful Inverse Head & Shoulders with a Perfect Retest.” He added that the current monthly candle has closed with a bullish tone, reinforcing the structure’s strength. The projected move from this breakout pattern places Bitcoin’s price target near $350,000, using a measured move technique.
This target is derived by calculating the vertical distance from the head to the neckline, then applying that range upward from the breakout level. It reflects a renewed long-term bullish outlook for Bitcoin, especially with the technical confirmation in place.
Whale Accumulation and Institutional Demand
Large Bitcoin holders are increasing their exposure during this rally phase. According to Glassnode, wallets holding more than 10,000 BTC show an accumulation trend score of 0.9. Wallets with holdings between 1,000 and 10,000 BTC follow closely with a score of 0.7, and even 100–1,000 BTC addresses are tilting back toward accumulation.
These movements suggest confidence among larger players and long-term investors. In parallel, institutional interest is also gaining traction. Ali_charts reported that Bitcoin ETFs are seeing positive inflows again, reflecting growing demand and broader market participation.
These developments support the current technical breakout. They also indicate potential alignment between on-chain activity and price structure on higher time frames.
Current Price and Market Position
Bitcoin was trading at $93,592.61 as of writing, reflecting a 0.30% increase in the last 24 hours. Over the past week, BTC has gained 9.93%. Trading volume stands at $29 billion, suggesting strong liquidity during the breakout phase.
The retest of the neckline and the breakout candle signal a potential shift in the long-term trend. Accumulation by whales and ETF inflows strengthen this narrative, indicating sustained interest from both retail and institutional participants. As the price approaches the six-figure range, traders continue monitoring key resistance and psychological levels.
