• Bitcoin has confirmed a significant breakout from a multi-month inverse head and shoulders pattern, signaling a strong bullish momentum with targets set between $140K and $150K.

• Market dynamics show increased whale accumulation and high trading volumes, reinforcing the sustainability of Bitcoin’s upward trajectory beyond the $117,000 mark.

• According to COINOTAG sources, a retest of the $112K neckline support is anticipated, which could serve as a critical juncture for Bitcoin’s next phase of growth.

Bitcoin’s breakout from a key inverse head and shoulders pattern targets $140K–$150K, supported by rising momentum, whale activity, and strong market volume.

Bitcoin’s Inverse Head and Shoulders Breakout Signals Renewed Bullish Momentum

Bitcoin’s recent price action confirms a textbook breakout from a well-established inverse head and shoulders pattern, a classic bullish reversal indicator in technical analysis. This pattern, which formed over several months with the head in March 2025 and shoulders in January and June, culminated in a decisive break above the neckline resistance zone near $112K to $113K. This breakout is significant because it marks a shift from prolonged consolidation to a renewed upward trend, suggesting that Bitcoin is poised for substantial gains.

Market analysts emphasize that the measured move technique—calculating the distance from the head to the neckline and projecting it upward—places Bitcoin’s next target in the $140K to $150K range. This projection aligns with historical precedents where inverse head and shoulders patterns have reliably forecasted strong upward price movements over extended time frames.

Market Momentum and Whale Accumulation Bolster Bitcoin’s Rally

The breakout is supported by robust market momentum, characterized by a 9.07% weekly price increase and a surge in 24-hour trading volume, which recently reached $42.7 billion. Such elevated liquidity levels confirm the breakout’s validity and attract further institutional and retail participation. Notably, whale activity—large holders accumulating Bitcoin—has intensified, as evidenced by declining exchange reserves and increasing wallet dormancy. These factors indicate that long-term holders are consolidating their positions, reducing sell-side pressure and underpinning the rally’s strength.

Technical observers highlight that this alignment of momentum, volume, and accumulation creates a favorable environment for sustained price appreciation. The interplay of these elements suggests that Bitcoin’s current rally is not merely a short-term spike but part of a broader structural shift in market sentiment.

Potential Retest of the $112K Neckline: A Crucial Support Level

Despite the bullish outlook, market participants remain cautious about a possible retest of the $112K neckline, which has now transitioned from resistance to support. Such retests are common in technical patterns and serve to validate the breakout’s strength. Should Bitcoin successfully hold this support level, it would reinforce confidence among traders and pave the way for further advances toward the projected $140K–$150K target.

Conversely, a failure to maintain support at this level could signal short-term consolidation or a pullback, though current indicators suggest strong buying interest at these prices. The market’s reaction around the neckline will be closely monitored as a barometer for Bitcoin’s near-term trajectory.

Conclusion

Bitcoin’s breakout from the inverse head and shoulders pattern marks a pivotal moment, signaling a transition from consolidation to a potentially significant bullish phase. Supported by strong momentum, high trading volumes, and strategic whale accumulation, the cryptocurrency is well-positioned to test new highs in the $140K to $150K range. While a retest of the $112K neckline may occur, maintaining this support is critical for sustaining upward momentum. Investors and traders should watch these key levels closely to gauge Bitcoin’s next moves in this evolving market landscape.