Technical analysis by helsamra about Symbol BTC: Buy recommendation (5/12/2025)

In last week’s Bitcoin idea, I highlighted a key technical setup: price retested the neckline of a massive inverted Head & Shoulders pattern and launched a strong move upward. Let’s dive into what’s unfolding on the daily chart.We’re seeing classic Wyckoff consolidation behavior—appearing right before the breakout and again after the neckline retest. Multiple smaller Head & Shoulders patterns have also formed and hit their targets cleanly.The Volunacci pattern came alive after a precise bounce from the Golden Zone, adding more fuel to the bullish narrative.Next major level in focus: $120K. Will Bitcoin reach it? Let the market decide.