TechFlow, on September 13, Bitcoin (BTC) formed two inverse head and shoulders (IH&S) patterns on the weekly chart, considered strong bullish signals. Analysts noted that the first pattern began forming in November 2024 and broke above the $112,000 neckline in July, followed by a retest confirmation, with a target price of approximately $170,000; the second, larger pattern has been forming since March 2021, is now playing out after breaking above the $73,000 neckline, with a long-term target of $360,000—implying over 200% upside from current levels.
At the same time, institutional demand is clearly recovering. Spot Bitcoin ETFs recorded three consecutive days of net capital inflows this week, totaling $1.15 billion, including a single-day inflow of $752 million—the highest in nearly two months. This indicates accelerating capital return and growing optimism about the crypto market's medium- to long-term outlook. BiyaPay analysts believe that if bulls continue to hold the key support level of $113,000, Bitcoin could enter a new "super cycle," with long-term prices potentially reaching $360,000.
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