Bitcoin Breakout Eyeing $140K After Neck‑Line Surge
Bitcoin looks poised for a breakout past key resistance — a bullish neck‑line move could lift prices toward $140K this summer.
- Inverse head‑and‑shoulders pattern suggests bullish breakout above ~$106K
- On‑chain and ETF inflows add fuel, targeting $140K+
- Some analysts expect a short dip before fresh rally
Bitcoin appears to be forming a classic inverse head‑and‑shoulders chart pattern, with the neck-line hovering around $106,000. A confirmed break above that level, on heavy volume, is considered a powerful bullish signal—often driving prices much higher. Analysts believe this move could send BTC soaring toward $140,000 or beyond in the coming months.
Institutional Inflows Support Uptrend
Institutional activity continues to play a key role in Bitcoin’s bullish outlook. Some market experts predict that consistent ETF inflows and reduced exchange reserves could trigger a strong price rally. With open interest growing and fewer BTC being sold, signs point to a supply squeeze—a typical indicator of upward momentum.
Tracy Jin, co-CEO of a major crypto platform, forecasts Bitcoin reaching $140K this summer. Other analysts highlight that Bitcoin is already retesting key resistance between $106K and $109K, making this a critical zone for confirmation of the breakout.
Beware a Short Pullback
Despite optimism, traders should stay alert for a short-term pullback. Some analysts suggest that even with a breakout, prices might briefly fall back to the $100K–$104K range before gathering momentum for the next leg up. However, if the neckline holds as support, Bitcoin could continue climbing toward new all-time highs.
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