Introduction
Bitcoin stands at a critical technical crossroads, with two powerful bullish chart formations—the Cup & Handle and the Inverse Head and Shoulders—converging to signal a potential explosive move. Analysts are closely monitoring Bitcoin’s price action above $93,160, where a confirmed breakout could target the $104,000 level and reignite the long-term uptrend. This alignment of patterns, supported by healthy volume, suggests building momentum that could define the cryptocurrency’s trajectory in the coming sessions.
Key Points
- A confirmed Cup & Handle breakout above $93,160 projects a price target of $104,000, with ultimate bullish confirmation requiring a break above $107,500 and the falling blue trendline on the daily chart.
- The Inverse Head and Shoulders pattern has already confirmed a bullish reversal after Bitcoin surpassed $90,000, with the next technical resistance level identified at $95,000.
- Risk management is highlighted with a mandatory stop-loss at a daily close below the 'pink box' handle area, while a bearish scenario would be confirmed by a close below $82,477, targeting the $74,496–$71,237 support zone.
Cup & Handle Pattern Targets $104,000 Breakout
Technical analyst Kamile Uray has identified a critical juncture for Bitcoin on the 4-hour chart, with the price currently moving above the $93,160 level. According to Uray’s analysis, a successful daily close above this threshold would confirm the breakout of a recently formed Cup & Handle pattern. This classic bullish continuation pattern projects a measured move target to approximately $104,000. The significance of reaching this target is twofold: it would not only fulfill the pattern’s objective but also decisively break a key falling blue trendline that has contained price action.
Uray emphasizes that breaking both the pattern target and the trendline would provide strong evidence for the resumption of Bitcoin’s overall uptrend. The analyst has outlined the next major resistance levels at $98,200 and $107,500. A decisive break above $107,500, coupled with a breach of the falling blue trendline on the daily chart, would serve as the ultimate confirmation that the long-term bullish trend has fully resumed. For traders, Uray suggests that retests of the breakout area—referred to as the ‘pink box’ or the handle resistance zone—could be evaluated as potential entry points.
Inverse Head and Shoulders Confirms Bullish Reversal
Adding to the bullish technical thesis, analysis from Crypto VIP Signal confirms that Bitcoin’s recent price action has validated a significant reversal pattern. The asset has successfully surpassed the $87,500 mark and broken through the key $90,000 level. This upward movement confirms that the Inverse Head and Shoulders (IH&S) pattern—a major bullish reversal formation—has triggered as expected. The pattern’s completion signals a strong trend reversal, shifting momentum in favor of the bulls.
Crypto VIP Signal notes that the current market structure appears robust, as the price increase is being supported by healthy trading volume, lending credibility to the breakout. With the IH&S reversal now confirmed, the analyst identifies $95,000 as the next critical technical benchmark. The market’s behavior when testing this resistance point will be closely watched, as a successful breach could further accelerate the bullish momentum initiated by the pattern.
Risk Management and Critical Support Levels
While the technical setup is overwhelmingly bullish, both analyses underscore the importance of strict risk management. Kamile Uray provides clear guidelines for potential trades following a Cup & Handle breakout. The mandatory stop-loss for any entries on a retest of the pink box should be placed at a daily close below that handle resistance area. This disciplined approach protects capital if the breakout fails to sustain itself.
Conversely, should the price fail to hold the pink box, the immediate support zone to watch is between $83,822 and $82,477. A daily close below $82,477 would confirm a bearish scenario, signaling a continuation of the prior downtrend. In such a case, Uray suggests the market would likely seek the next major support zone between $74,496 and $71,237—a region that represents the previous top broken in November 2024. If this lower zone holds, it could set the stage for another major uptrend reversal attempt, highlighting the dynamic and layered nature of Bitcoin’s technical landscape.
📎 Source reference: newsbtc.com