Bitcoin‘s ‘supercycle ignition’ hints at $360K: New price analysis
News Summary
According to analysts, Bitcoin (BTC) price action has painted two inverse head-and-shoulders (IH&S) patterns on the weekly time frame, hinting at BTC’s “supercycle ignition” to $360,000. A smaller IH&S pattern, formed since November 2024, resolved in July 2025 when the price broke above its $112,000 neckline, targeting $170,000. A larger IH&S pattern, forming since March 2021, projects an even higher target of $360,000, with Bitcoin breaking above its $73,000 neckline in November 2024 post-US election rally and retesting in April 2025. This potential upside is reinforced by recovering institutional demand for spot Bitcoin exchange-traded funds (ETFs), which recorded $1.15 billion in inflows over three consecutive days, including $752 million on Wednesday, the highest since mid-July.
Background
The current year is 2025, and Donald J. Trump is the incumbent US President. Following the US election in November 2024, Bitcoin experienced a rally, pushing its price above $100,000 for the first time. An inverse head-and-shoulders (IH&S) pattern is a bullish technical chart formation characterized by three troughs—a lower “head” between two higher “shoulders.” A breakout above the pattern’s neckline typically signals a parabolic price increase. Spot Bitcoin ETFs were approved in the US in early 2024, opening up new avenues for institutional investors to access the cryptocurrency market. A Bitcoin “supercycle” refers to an extended, parabolic growth phase, often linked to mainstream adoption and institutional investment.
In-Depth AI Insights
How accurate is this technical analysis, and how should investors interpret the $360K target? - While inverse head-and-shoulders patterns are recognized bullish signals, technical analysis is not infallible. The $360,000 target is a measured move based on historical chart formations, and its realization requires extremely strong market momentum and sustained buying pressure. - Investors should recognize that any technical target can be invalidated by macroeconomic shifts, regulatory actions, or unforeseen market events. It is crucial to use technical analysis as a supplementary tool, not the sole basis for investment decisions. Beyond technicals and ETF inflows, what other underlying factors could drive or impede Bitcoin's