Bitcoin’s ‘Supercycle’ Pattern Points to $150K, Says Analyst

TL;DR

• Analyst Merlijn sees Bitcoin forming two inverse head and shoulders patterns, projecting a $150K rally.
• Resistance near $111K remains firm, with downside targets near $103K if the price fails to break higher.
• Businesses allocate 22% of their profits into Bitcoin, while institutions add $43.5B to their balance sheets in 2025.

Double Inverse Head and Shoulders Formation

Crypto analyst Merlijn The Trader has identified what he calls a “supercycle formation” on Bitcoin’s long-term chart. He pointed to two inverse head and shoulders patterns, a setup often linked to major bullish reversals.