Bitcoin is approaching a critical inflection point as two powerful bullish patterns, the Cup & Handle and the Inverse Head and Shoulders, align to signal a potential breakout storm. With momentum building and key resistance levels within reach, the market is gearing up for what could be a big explosive move.
BTC Climbs Above 93,160, While Cup & Handle Targets 104,000
Analyst Kamile Uray charts BTC within a 4-hour time frame revealed that the price is currently moving above the $93,160 level. Uray is keeping a close eye on the price as a successful close above this level would confirm the breakout of a recently formed cup-and-handle pattern. Following this classic pattern, a confirmed breakout targets the $104,000 level.
If BTC reaches the $104,000 target without forming a wicking reversal, it would also decisively break the descending blue trendline. Breaking both this trendline and the pattern target would provide strong evidence for the continuation of the overall uptrend. The analyst highlighted that the next major resistances are at the $98,200 and $107,500 levels. A break above $107,500 and the bearish blue trend on the daily chart will serve as the ultimate sign that the long-term uptrend is fully resuming.
Uray suggests that retests after breaking the pink box (the area of handle resistance) can be evaluated as potential trade entries. The mandatory stop-loss for these trades must be placed below the pink box on a daily close, maintaining strict risk management.
Conversely, should price fail to hold the pink box, the immediate support zone to watch is the region of $83,822 – $82,477 below. A bearish scenario is confirmed by a daily close below $82,477, indicating a continuation of the downtrend. In this case, the market would likely look for the next support zone at $74,496 – $71,237, which represents the previous top broken in November 2024. If this zone holds, another major uptrend reversal can be expected.
IH&S pattern confirms reversal momentum
According to a recent update by Crypto VIP Signal, Bitcoin’s recent price action has confirmed a significant bullish reversal. The asset has successfully crossed the USD 87,500 mark and has also breached the key USD 90,000 level. This upward move confirms that the Inverse Head and Shoulders (IH&S) pattern has worked as expected, triggering a powerful trend reversal signal.
The analyst noted that the current market structure appears strong as the price increase is supported by healthy trading volume. With the reversal confirmed, Crypto VIP Signal noted that the next technical benchmark for the market is $95,000, and it will be interesting to see how the price behaves when it tests this resistance point.