Bitcoin’s Bullish Reversal: Why $125K Could Be the Next Target

• Bitcoin’s inverse head and shoulders pattern signals a bullish reversal, with strong buying momentum after breaking the neckline.
• The breakout above $97,492 confirms a potential surge, with analysts projecting a target of $125,256 based on pattern depth.
• Consolidation before the breakout strengthens Bitcoin’s bullish outlook, with higher highs and support at the former neckline.

According to analyst Titan of Crypto, the price action of Bitcoin shows a robust breakout as the inverse head and shoulders pattern builds up. The crypto market is looking for a bullish reversal after consolidation. The breakout can trigger a strong move to the upside bringing the Bitcoin price to new heights.

Bitcoin’s Technical Breakout in Progress

Bitcoin’s price currently follows an inverse head and shoulders pattern on the weekly timeframe. This technical structure signals a shift from a downtrend to a bullish phase. The formation consists of three key levels: the left shoulder, head, and right shoulder.

The left shoulder formed after a price drop, followed by a short recovery. However, the price declined further, forming the head at a lower point. After reaching this low, Bitcoin started to recover. The right shoulder developed with a higher low, indicating weakening bearish pressure. The neckline, marked by a dotted green trendline, connects the peaks between the shoulders.

Bitcoin’s Projected Target and Momentum

A breakout occurs when Bitcoin’s price moves above the neckline. This confirms the pattern and signals strong buying momentum. The price often surges after surpassing the neckline, with buyers dominating the market.

Bitcoin recently reached approximately $97,492.53, showing strong bullish momentum. Based on the inverse head and shoulders pattern, the projected target sits around $125,256.72. Analysts estimate this target by measuring the depth from the head to the neckline and projecting the same distance upward.

Bitcoin’s price movement follows a strong uptrend after breaching the neckline. Higher highs and higher lows reinforce the bullish continuation. The neckline, once a resistance level, now serves as solid support.

Market Implications and Outlook

The inverse head and shoulders formation often marks the end of prolonged bearish trends. It signals a transition into a new bullish cycle. Bitcoin’s recent price action aligns with this pattern, suggesting upside potential.

Moreover, consolidation before a breakout strengthens the bullish case. Bitcoin’s uptrend remains intact, with strong momentum driving further gains. If Bitcoin maintains its trajectory, it could reach new all-time highs.