Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic

Bitcoin is holding firm above $105,000 despite ongoing volatility and economic uncertainty. The market is in a high-stakes consolidation phase, with bulls struggling to break above the all-time high at $112,000. Macroeconomic conditions remain unstable, with weak global growth forecasts and elevated inflation pushing investors into risk-off assets. Despite this, Bitcoin appears to be thriving, strengthening its case as a hedge against traditional financial instability. Top analyst Carl Runefelt has highlighted a massive inverse head and shoulders pattern forming over the last four years, which typically signals a bullish reversal. The neckline of this pattern aligns with current resistance just below $112,000, making the coming weeks crucial for market direction. Bitcoin's ability to stay elevated signals growing investor conviction, and all eyes are on whether it can complete this historic pattern and launch the next leg of the bull run. The current market structure appears constructive for Bitcoin, with a breakout above $110,000 potentially sparking a new phase of exponential growth. If bulls can break above the $110,000 level, it would confirm the strength behind this rally and potentially spark a new phase of growth. The coming weeks may determine whether Bitcoin cements its breakout or returns to test deeper support.