Bitcoin Update – Textbook Patterns Playing Out

In last week’s Bitcoin idea, I highlighted a key technical setup: price retested the neckline of a massive inverted Head & Shoulders pattern and launched a strong move upward. Let’s dive into what’s unfolding on the daily chart.

We’re seeing classic Wyckoff consolidation behavior—appearing right before the breakout and again after the neckline retest. Multiple smaller Head & Shoulders patterns have also formed and hit their targets cleanly.

The Volunacci pattern came alive after a precise bounce from the Golden Zone, adding more fuel to the bullish narrative.

Next major level in focus: $120K. Will Bitcoin reach it? Let the market decide.