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Bitcoin Technical Analysis: Inverse H&S and That 100k BarrierLooks like Bitcoin has formed another Inverse Head & Shoulders (H&S)! It’s not the prettiest one we’ve seen, but it’s there, and BTC is currently testing a key support level. If it bounces off this support, we’re looking at a potential target of $103,000.That said, the big question isn’t just about the technicals—it’s whether Bitcoin can finally break through the 100k psychological barrier. That number has been a massive mental block for traders, and breaking it could open the floodgates.On the side, I’ve also been using the Phoenix Ascending indicator, which adds another layer to this analysis. The Bollinger Bands (BB) are tightening on higher timeframes, showing reduced volatility that usually leads to a big move. At the same time, momentum, RSI, and LSMA are all pointing to upward pressure but are sitting close to neutral (RSI hovering around 50). This tells me we might consolidate sideways for a bit longer before anything major happens—but I’m leaning bullish and expecting some positive action soon.What Happens When 100k Breaks?This is just a dubious opinion of mine so take it with some salt...If Bitcoin does crack 100k, it could be game on. Breaking that level might cause retail investors and everyday folks to start FOMO-ing in like crazy, pushing the price even higher. And with December around the corner, I wouldn’t be surprised if we see a classic Santa Claus rally, which could add even more fuel to the fire.

If HBAR can find solid support at .12 and break past the .14 cent liquidation barrier we have relatively clear skies to 0.35 it takes baby steps but more importantly, the bulls to outbeat the sellers and clear some liquidity past .14

In the short term, I anticipate a correction in this bull market to maintain healthy market dynamics. It’s likely that bulls will take profits around the 95K zone and look to reenter at the 75K-80K range. A 20% correction in Bitcoin during a bull run is not unusual and has occurred historically. Given the Reverse Head and Shoulders (H&S) pattern currently in play, it would be reasonable to expect a retest of support in the 75K-80K range before resuming the upward trajectory toward the 130K target.My thoughts ATM. A consolidation period is still in play for BTC. I believe price action is heavily influenced by institutional bullishness, whales buying BTC, and less retail sentiment. I feel there are a few possibilities that play out which all are incredibly bullish in the mid-term time frame. Common TA would expect a pullback to the 75k-80k range this is a weekly chart so it can take a few weeks for it to happen. But we can trade sideways for a few weeks. Or we can slowly flag down to the 80k range. The longer we hold a price the MA moves up becoming our support. This depends on which time frames you use but in the grand design of lagging indicators, they eventually catch up if price action remains sideways.