Bitcoin News: Bitcoin’s Inverse Head-and-Shoulders Pattern Signals Supercycle Toward $360K

Key TakeawaysTwo inverse head-and-shoulders (IH&S) formations on Bitcoin’s weekly chart suggest price targets between $170K and $360K.Spot Bitcoin ETFs saw $1.15B in inflows this week, the strongest in nearly two months, signaling renewed institutional demand.Bitcoin Technical Analysis: $170K First, $360K Next?Bitcoin’s price action is showing signs of what analysts are calling a “supercycle ignition.” On the weekly chart, BTC has formed two inverse head-and-shoulders (IH&S) patterns — a historically bullish signal.The smaller IH&S (since Nov. 2024) broke above its $112K neckline in July. Its measured target points to $170K, about 49% higher than current levels.The larger IH&S (since Mar. 2021) broke out above $73K in Nov. 2024. After successfully retesting that level in April, the setup remains valid with a projected target of $360K, a 217% gain from today.“The Bitcoin inverse head and shoulders of dreams has now doubled,” analyst Merlijn The Trader said, calling it “the supercycle ignition.”On shorter time frames, a similar IH&S projects a near-term $120K target as long as Bitcoin holds above $113K.Institutional Demand Rebounds Through Spot ETFsMomentum is not just technical — it’s also being reinforced by renewed inflows into spot Bitcoin ETFs.$1.15B in inflows between Monday and Wednesday.$752M on Wednesday alone, the biggest single-day inflow since mid-July (SoSoValue).Market intelligence firm Santiment noted:“Money is moving back into Bitcoin ETFs at a rapid rate as retailers impatiently drop out of crypto. Previous rallies were boosted by inflow spikes like this.”Supercycle OutlookIf history rhymes, Bitcoin may be at the start of its largest-ever expansion phase, with ETF demand, dovish Fed expectations, and technical chart setups all pointing toward higher highs.The roadmap:Short term: $120K–$170K range.Cycle target: $360K if the larger IH&S completes.