Bitcoin’s weekly chart is displaying two towering inverse head-and-shoulders, both screaming breakout as it is a classic bullish signal in technical analysis. Analysts now peg upside targets between $170K and $360K, as the crypto giant continues to mock gravity.
The first pattern, carved between November 2024 and July 2025, shattered its neckline at $112K, flipping resistance into runway. The measured target? A no-nonsense $170K with zero signs of hesitation so far. The second, far larger, stretches back to March 2021 and projects an eventual move to $360K, a near 3x from current levels.
A breakout above $73K last year, followed by a textbook retest at $74.4K in April, has reinforced the long-term setup, giving technical bulls a strong case that Bitcoin’s next macro leg is already underway.
Since then, price action has respected higher lows and rebounded sharply key validation points for bullish continuation.
“The Bitcoin inverse head and shoulders of dreams has now doubled,” wrote analyst Merlijn The Trader. “This isn’t a pattern. It’s the supercycle ignition.”
ETF inflows return as institutions reload
The bullish chart setup is being reinforced by renewed institutional demand. Spot Bitcoin ETFs have posted three consecutive days of inflows, totaling $1.15 billion, according to SoSoValue.
Wednesday alone saw $752 million in net inflows, the biggest single-day figure since mid-July. Analysts view this as a strong indicator that capital rotation is moving back into crypto, particularly from institutions.
“Money is moving back into Bitcoin ETFs at a rapid rate as retailers impatiently drop out,” said Santiment in a market update. “Previous crypto rallies were boosted by inflow spikes like this.”
Bitcoin’s technical breakout comes at a time when on-chain activity, ETF flows, and macro conditions are aligning. With retail momentum cooling and institutional flows accelerating, the market may be entering a new phase of price discovery. If the supercycle thesis plays out, the $100K era may soon look like just the warm-up.
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