Bitcoin News: Bitcoin ‘Supercycle Ignition’ Pattern Puts $360K in Play, Analysts Say

Key TakeawaysBitcoin’s weekly chart shows two inverse head-and-shoulders patterns, signaling a long-term bullish continuation.Technical targets suggest BTC could reach $170K–$360K this cycle.Spot Bitcoin ETFs posted $1.15B in inflows this week, the strongest since mid-July, underscoring institutional demand.Bitcoin Forms Dual Bullish PatternsBitcoin (BTC $114,527) has painted two inverse head-and-shoulders (IH&S) patterns on the weekly time frame, which analysts say could ignite a long-term “supercycle” toward $360,000.An IH&S is a classic bullish chart formation marked by three troughs, with a breakout above the neckline typically followed by a sharp rally.The first, smaller pattern formed since November 2024 and resolved in July, when BTC broke above $112,000. Its measured move points to $170,000, around 49% higher than current levels.The second, larger formation dates back to March 2021 and broke out in November 2024, when BTC surpassed $100,000 for the first time. That neckline retest at $74,400 in April confirmed the breakout, keeping the path open toward a potential $360,000 target.“This isn’t just a pattern. It’s the supercycle ignition,” analyst Merlijn The Trader wrote on X.Institutional Demand Strengthens the CaseTechnical signals are being reinforced by ETF inflows, with spot Bitcoin ETFs recording $1.15 billion in net inflows over three days this week, according to SoSoValue.Wednesday’s inflows of $752 million marked the strongest since mid-July, suggesting large players are stepping back in as retail flows remain subdued.“Money is moving back into Bitcoin ETFs at a rapid rate as retailers impatiently drop out of crypto,” market intelligence firm Santiment observed, noting that previous rallies were fueled by similar surges in ETF inflows.Short-Term vs. Long-Term TargetsWhile the weekly IH&S patterns point to $170K–$360K, shorter time frames also remain constructive. On the four-hour chart, analysts see a measured target of $120,000, provided BTC holds above $113,000 support.With technical setups and institutional demand aligning, traders are eyeing whether Bitcoin’s next leg higher will mark the start of its largest upside expansion yet, according to Cointelegraph.