Categories: Bitcoin Latest News

Bitcoin Hidden Setup — Triangle Support, Inverse H&S Signal A Powerful Reversal

Bitcoin appears to be gearing up for a major move as key technical patterns align. A strong triangle support structure and a developing inverse head and shoulders pattern are signaling a potential bullish reversal. Momentum is tightening, suggesting that a breakout could be closer than it seems.

Massive Triangle Formation Holds Firm Amid Market Shakeouts

Batman, a well-known crypto analyst, recently highlighted that Bitcoin has been consolidating for several weeks within a massive descending triangle formation. Despite multiple shakeouts attempting to push the price lower, the key support level has consistently held firm, signaling underlying strength in the market. 

Related Reading: Bitcoin At Key Retest: Bounce Or $98,000 Next?

He noted that the current setup represents a classic, textbook pattern often seen before an explosive breakout in price. Each test of support has been met with strong buying interest, showing that bulls are actively defending the lower boundary of the structure. The classic textbook formation suggests that Bitcoin’s price is coiling up energy for a potential breakout once momentum returns.

Batman remains highly optimistic about Bitcoin’s next move, stating that his target remains clear at $126,000. He cautioned traders not to underestimate the setup, emphasizing that the current price action could mark the calm before a major surge. In his view, this represents a big opportunity for those watching closely, as the market prepares for what could be the next explosive leg higher.

Technical Setup Hints At Shift From Consolidation To Expansion

According to GandalfCrypto in a current update, Bitcoin is currently forming a potential inverse Head & Shoulders pattern, which often signals a major trend reversal in technical analysis. The structure has been developing over the past few weeks, with clear left and right shoulders forming, while the neckline sits around the $115,000–$116,000 range. This area has become a key zone to monitor, as it represents the boundary between continued consolidation and a potential bullish breakout.

Related Reading: Here’s Why Bitcoin Market Dynamics Are Evolving As New Developments Surface Overnight

GandalfCrypto explained that if Bitcoin successfully breaks above this neckline with strong volume, it would validate the reversal pattern and likely trigger a surge toward the $130,000 target. Such a move would confirm renewed strength among buyers and could mark the beginning of a sustained bullish phase after weeks of sideways movement and uncertainty. 

He further noted that momentum indicators are coiling tightly, reflecting a buildup of energy beneath the surface. GandalfCrypto emphasized the importance of patience and precision, waiting for a confirmed breakout rather than preempting the move, as this will distinguish traders who capture the next leg higher from those caught in false starts.

[#item_full_content]NewsBTCRead More

Recent Posts

Brazil’s Largest Asset Manager Recommends Investors Put Up to 3% of their Money in Bitcoin to Hedge Against FX, Market Shocks

The recommendation is in line with other global asset managers like BlackRock and Bank of…

20 seconds ago

Bitcoin Bullish Structure Weakens As Inter-Exchange Liquidity Touches Red Zone – Details

The Bitcoin market is experiencing a gradual trend reversal following weeks of prolonged price correction…

22 seconds ago

Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin

Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets…

1 hour ago

Bitcoin Bearish Signals Are ‘Hard To Ignore’: Analyst Warns Of Drop To April Lows

As Bitcoin (BTC) tries to hold the $90,000 barrier, some analysts affirm that the flagship…

3 hours ago

XRP Mildly Undervalued On MVRV: What About Bitcoin, Ethereum?

XRP is in a mild undervalued zone according to the 30-day MVRV Ratio. Here’s how…

9 hours ago

Here’s Why Bitcoin’s Reaction To Fed Policy Turns Bearish After Each FOMC Update

The Bitcoin’s behavior around US Federal Reserve announcements has become one of the most consistent…

17 hours ago