Bitcoin Retests Key Neckline as Traders Eye Potential Rally Toward $150K

• Bitcoin has technically completed an inverse head and shoulders pattern and is now retesting its neckline, which is a range between $113K to $115K.

• If breakout confirmation does indeed imply bullish continuation, then price action at the neckline will determine where Bitcoin moves next.

• Liquidity expansion in the U.S. supports a strong macro environment, reinforcing the setup for Bitcoin’s next potential upside toward $150K.

Bitcoin is retesting a critical neckline after a breakout, with bullish signals indicating a possible rise to $150K. Stay updated for market movements.

What is the Inverse Head and Shoulders Pattern?

The inverse head and shoulders pattern is a bullish reversal formation that typically indicates a potential price increase. It consists of three troughs: the first (left shoulder), the lowest (head), and the third (right shoulder), with the neckline acting as a resistance level.

How Does Bitcoin’s Current Retest Impact Its Price?

Bitcoin’s current retest of the neckline between $113K and $115K is crucial. If the price holds above this level, it could signal a strong bullish continuation, potentially leading to a surge towards $150K. Historical data supports this pattern, suggesting that successful retests often lead to significant upward movements.

Frequently Asked Questions

What is the significance of the neckline in trading patterns?

The neckline serves as a resistance level in trading patterns. A successful retest can indicate a strong bullish signal, while a failure to hold may suggest a reversal.

How can I identify an inverse head and shoulders pattern?

To identify an inverse head and shoulders pattern, look for three troughs with the middle one being the lowest, and a neckline connecting the peaks. This pattern often signals a bullish reversal.

Key Takeaways

• Bitcoin’s Retest: The retest of the neckline is a critical moment for potential bullish momentum.
• Market Liquidity: Increased liquidity in the U.S. could support Bitcoin’s price movements.
• Historical Patterns: Successful retests often lead to significant price increases, making this a key moment for traders.

Conclusion

In summary, Bitcoin’s retest of the neckline after completing an inverse head and shoulders pattern is a pivotal moment for the cryptocurrency. With macroeconomic factors aligning favorably, traders should monitor this level closely for potential bullish movements towards $150K.

Pattern Completion Sets the Stage for Retest

@el_crypto_prof has identified a clearly defined inverse head and shoulders formation on Bitcoin’s 3-day chart. This classic bottoming pattern, known for its bullish outlook, appears to be unfolding in sequence.

The left shoulder developed through consolidation and a dip, followed by a deep retracement that formed the head. A higher low then formed the right shoulder, signaling returning buyer interest. The neckline was broken recently, confirming the breakout.

Now, the price has returned to retest this neckline area, a step often observed in this pattern. The current level—around $113K–$115K—represents a key decision point. Historical price behavior suggests successful retests of this kind can lead to a strong continuation toward projected targets of $140K–$150K.

Momentum Builds as Retest Plays Out

The retest phase is widely seen as a final check before a possible surge. According to @el_crypto_prof, the chart shows a “textbook bullish continuation,” and the message is simple: “The clock is ticking.”

Price action around the neckline is now under close observation. This stage often invites renewed volume from traders waiting for confirmation. A firm hold of the retest level could act as a launchpad for the next leg of the move.

The structure’s integrity remains intact, and the current pullback is still within expected parameters. If the price stabilizes in this zone, bullish momentum may resume without delay.

Macro Conditions Add Fuel to the Fire

Adding to the technical narrative, @Zynweb3 shared that Bitcoin closely follows global M2 liquidity trends, while altcoins track U.S. liquidity. As of now, U.S. liquidity is growing at its fastest pace since Q3 2024—up 1.09% year-over-year.

This expansion is expected to accelerate as more Treasury bills are issued, SLR rules ease, and the Federal Reserve proceeds with 2–3 expected rate cuts in 2025. Such a backdrop may provide broader support for digital assets, further amplifying the technical setup already in motion.

Bitcoin is retesting a confirmed neckline at a time when liquidity trends align with bullish expectations. With the pattern in place and the level being tested, the next phase may arrive sooner than expected.