Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The Next Target?

Although Bitcoin’s (BTC) momentum has stalled over the past week due to escalating geopolitical tensions in the Middle East, the flagship cryptocurrency appears to be forming a bullish inverse head and shoulders pattern on the three-day chart – significantly increasing the likelihood of a new all-time high (ATH) in the coming months. Bitcoin Eyeing New ATH Soon? In an X post published today, crypto analyst Mister Crypto highlighted that BTC is forming an inverse head and shoulders pattern on the three-day chart. The analyst shared the following chart, noting that a successful breakout could propel Bitcoin’s price as high as $150,000. For the uninitiated, the inverse head & shoulders is a bullish chart pattern that signals a potential reversal from a downtrend to an uptrend source: https://www.newsbtc.com/bitcoin-news/bitcoin-forming-inverse-head-and-shoulders-pattern-is-150000-the-next-target/