after the previous corrective move.
BTC is currently around $77,304, and the structure is starting to look like a possible bottoming setup. The left shoulder and head already look formed, and price may now be working on the right shoulder / breakout area.
For this inverse H&S idea to become stronger, BTC needs to hold above the $77,000 to $75,000 area and then break above the neckline around $83,000 with strength.
If BTC breaks and holds above $83k, then the bullish path becomes much clearer. The next upside areas I’m watching are around $95,000 to $105,000, and if momentum continues, $120,000+ can come into play.
But if BTC rejects here and loses $75,000, then the inverse H&S idea becomes weak, and price can drop back toward $67,500 to $59,500.

Key levels:
Support: $77,000 to $75,000
Neckline / confirmation: Above $83,000
Targets: $95,000 to $105,000, then $120,000+
Invalidation: Below $75,000
For now, this can be an inverse Head & Shoulders setup, but bulls still need to confirm it with a strong break above $83k.