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Prime analyst Aksel Kibar (CMT) believes Bitcoin is approaching a decisive second on the weekly chart. In a put up shared on 9 July 2025, the veteran technician famous that BTC/USD is “holding proper on the sample boundary.” The annotated chart he launched—masking Bitstamp weekly costs again to mid-2022—reveals the cryptocurrency compressing immediately beneath a horizontal resistance band at $109,000, the neckline of what he labels a six-month head-and-shoulders (H&S) continuation formation.
Bitcoin Poised For $141,300
Kibar’s chart first revisits the basing sequence that reversed the 2022 bear cycle. A textbook inverse head-and-shoulders backside accomplished in early-2023, with troughs at roughly $17,600 (left shoulder), $15,500 (head) and $19,500 (proper shoulder). The breakout above the neckline despatched Bitcoin to $31,400.
Associated Studying
Instantly thereafter, value stalled in a six-month rectangle bounded by $25,000 assist and $31,400 resistance. The eventual topside decision propelled the market to the rectangle’s implied goal of $38,000, validating two consecutive classical projections in lower than a 12 months. Afterwards, the BTC value grinded greater. Beneath $73,700, BTC consolidated in a falling wedge, ending with a breakout towards $109,000.
From that time, the preliminary pullback bottomed at $91,200, creating what Kibar designates because the left shoulder. A deeper descent to $76,500 carved out the top. Then, the Bitcoin value shaped the best shoulder at $101,500, echoed by the blue bowl-shaped arc on the chart.
All through this construction the neckline at $109,000 remained intact, performing as a transparent demarcation between consolidation and contemporary highs. The inverse head-and-shoulders sample spans roughly half a 12 months, matching the analyst’s “6-month-long” annotation.
Associated Studying
Utilizing the orthodox H&S continuation rule—including the vertical distance from the top ($73,700) to the neckline ($109,000) to the breakout stage—Kibar derives a value goal of $141,300. He notes in an X reply that this goal is separate from the sooner $137,000 goal, which got here from a bigger cup-with-handle on the month-to-month scale. In different phrases, the shorter-term weekly sample now initiatives modestly greater than the longer-term construction.
At press time Bitcoin, Bitcoin traded close to $111,000, surpassing the neckline. Nonetheless, from a technician’s standpoint, the breakout nonetheless wants to verify with the weekly shut. Affirmation requires a decisive weekly settlement north of the $109,000 neckline. As Kibar notes: “Breakout must happen with a protracted white candle, much like earlier sample completions. There needs to be no hesitation.”
Invalidation would emerge on a weekly shut again beneath the newest swing-low assist at $101,500; deeper failure beneath $91,2000 would unravel the sample completely.
For now, Bitcoin sits on the fulcrum of its six-month equilibrium. A weekly candle or two ought to reveal whether or not the biggest digital asset can convert yet one more classical chart formation right into a measured transfer—this time towards mid-six-figure territory.
Featured picture created with DALL.E, chart from TradingView.com
