Bitcoin's Inverted Head-and-Shoulders Breakout Suggests Potential Surge

According to Cointelegraph, Bitcoin (BTC) has confirmed a breakout from an inverted head-and-shoulders pattern, a reliable reversal indicator, suggesting a potential upward movement towards $160,000. This pattern has emerged on both the 3-day and weekly BTC/USD charts, with a recent breakout above the neckline resistance near $113,000. This development opens the possibility for Bitcoin to reach at least $140,000, as noted by chartist Merlijn the Trader. Meanwhile, analyst Trader Tardigrade anticipates an even higher target of $160,000, based on a slightly ascended pattern on the weekly chart source: https://www.binance.com/en/square/post/26983356009017?utm_source=BinanceNewsRSS