This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bitcoin is at a critical juncture, according to top analyst Aksel Kibar, who identifies a six-month head-and-shoulders continuation pattern. A breakout above $109,000 could propel BTC to $141,300, while failure risks invalidating the bullish setup.
- Bitcoin's $109,000 neckline breakout could trigger a 29% rally to $141,300 based on the H&S continuation pattern.
- The pattern follows a series of validated technical setups since 2022, including a 2023 inverse H&S that launched BTC from $17,600 to $31,400.
- Confirmation requires a decisive weekly close above $109,000, while failure below $101,500 would invalidate the bullish structure.
📎 Related coverage from: newsbtc.com