Bitcoin's inverse head-and-shoulders pattern indicates a potential price increase toward $360,000, driven by renewed institutional interest via spot BTC ETFs. Analysts suggest this bullish chart formation consists of three troughs and traditionally leads to significant price surges after breaking above the neckline, which currently suggests a target of $170,000, marking a 49% increase from present levels. Furthermore, a larger IH&S pattern formed since March 2021 could propel the price to $360,000, a 217% rise from current levels. Recent data shows strong inflows into spot Bitcoin ETFs, totaling $1.15 billion over three days, signaling recovering institutional demand as retail investors shift away from crypto. This resurgence in investment suggests that historic inflow spikes often precede major crypto rallies, reinforcing optimistic price predictions for Bitcoin in the current cycle.

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