BTC/USD Bullish Reversal Breakout Pattern

BTC/USD Bullish Reversal Breakout Pattern 🚀

Technical Analysis:

🔹 Trend Reversal: The chart shows a clear inverse head and shoulders pattern highlighted with orange circles — a strong bullish reversal signal after a downtrend.

🔹 Breakout Zone: The neckline resistance around 108,000 USD has turned into support (marked as “SU00QT” due to a typo, assumed to be “SUPPORT”). Price action is consolidating just above this zone.

🔹 Trendline Support: The upward blue trendline confirms bullish structure, with price forming higher lows. Recent price action is bouncing off this trendline, showing strength.

🔹 Bullish Confirmation: Green arrows indicate strong bullish rejections from key levels, aligning with breakout retests.

🔹 Target Projection: The measured move from the inverse head and shoulders pattern projects a target towards the 114,000 USD resistance zone 📦 highlighted above, suggesting a potential 5-6% upside move 📊.

Conclusion: As long as price holds above the 108,000 support zone and the ascending trendline, BTC/USD remains bullish with potential continuation towards 114,000 USD. A breakout above minor consolidation could trigger a strong bullish rally 💥.

🛑 Invalidation: A sustained break below 106,000 USD would invalidate the bullish structure and may lead to further downside.