BTC is holding above a clean neckline breakout from a inverse head and shoulders formation, currently consolidating inside a bullish pennant. A breakout from this range offers continuation potential to $136K and possibly to $168K. Bias remains bullish while price holds above the $114K region.
Market Structure
* Trend: Bullish continuation
* Pattern: Inverse Head & Shoulders + Bullish Pennant
* Price Action: Clean breakout and retest of neckline support, followed by tightening consolidation
Key Zones
* Immediate Demand Zone: $114,000 – $117,000
* Internal Demand Zone: $105,000 – $108,000
* Major Setup Support Zone: $98,000 – $101,000
* Base Support (ISHS Origin): $74,500 – $77,000
* Neckline: $111,700-$113,800 (Confirmed pivot level)
Technical Confluence
* Volume: Strong candle breakout through neckline, followed by low-volume bullish flag
* Price Geometry: ISHS measured move aligns with the final target at $168K
* Momentum: Bullish structure maintained with higher lows and reactive demand
Entry Plan
* Zone: $117,500 – $119,000
* Method: Limit buy on demand retest or breakout retest of $123K
* Execution: Swing entry with invalidation below demand base
Targets
* 🎯 TP1: $136,442 — Pennant measured move
* 🎯 TP2: $168,029 — Final ISHS target
Invalidation
* ❌ SL: Below $110,000
* Reason: Break below ISHS Neckline invalidates bullish thesis in the short term
* RRR: Estimated 1:4 depending on execution
If this structure aligns with your outlook, feel free to share your thoughts in the comments.
You’re also welcome to drop your preferred altcoins for a quick technical review.
