Technical analysis by weslad about Symbol BTC on 7/22/2025

Bitcoin continues to defy the doubters, extending its dominance and triggering milestones that once seemed unreachable. A few years ago, we projected a massive rounding bottom with a target near $123K to complete the bottom two of the third halving cycle a bold forecast that has now played out in full: 📌 With bottom two now in the rearview, our focus shifts to bottom three of the fourth halving cycle, projected to mature around October 2025, barring time shifts: 📌 As shown on the chart, price has now split into a giant Cup & Handle formation and successfully broken out from the neckline. BTC is currently coiling inside a rising channel structure with trajectory toward the final projected target at $340K. A micro inverse head and shoulders (ISHS) formation has also emerged, offering a key accumulation zone near the neckline, this will be a crucial region to watch for entries. Let price action do the talking. Share your view and let’s dissect this historic setup together.It's time to focus on the development of the ISHS formation and its target.The pullback towards the pennant zone is on the way.