<ul data-eligibleForWebStory="true"><li>Bitcoin appears to be forming an inverted head and shoulders pattern, indicating a potential upward move towards $140,000 or higher.</li><li>The pattern consists of a left shoulder, confirmed head, and developing right shoulder, with the breakout resistance at $113,000.</li><li>Inverted head and shoulders patterns are typically seen as bullish reversal signals, especially after a downtrend.</li><li>Patience is important as Bitcoin needs to complete the right shoulder and break the neckline resistance for confirmation.</li><li>A successful breakout could ignite bullish momentum and attract institutional and retail interest.</li></ul>

Bitcoin Forms Inverted Head and Shoulders Pattern: What Could be The Next Target

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