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 ￰0￱ is tightening, suggesting that a breakout could be closer than it ￰1￱ 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 ￰2￱ multiple shakeouts attempting to push the price lower, the key support level has consistently held firm, signaling underlying strength in the ￰3￱ 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 ￰4￱ test of support has been met with strong buying interest, showing that bulls are actively defending the lower boundary of the ￰5￱ classic textbook formation suggests that Bitcoin’s price is coiling up energy for a potential breakout once momentum ￰6￱ 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 ￰7￱ his view, this represents a big opportunity for those watching closely, as the market prepares for what could be the next explosive leg ￰8￱ 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 ￰9￱ 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 ￰10￱ area has become a key zone to monitor, as it represents the boundary between continued consolidation and a potential bullish ￰11￱ 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 ￰12￱ a move would confirm renewed strength among buyers and could mark the beginning of a sustained bullish phase after weeks of sideways movement and ￰13￱ further noted that momentum indicators are coiling tightly, reflecting a buildup of energy beneath the ￰14￱ 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 ￰15￱ image from Pixabay, chart from ￰16￱