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Bitcoin may surge to $76,000 if a bullish inverse head-and-shoulders pattern confirms.

Technical Signals
07 Aug 2026
Coindesk
View Source
Bullish
Bitcoin may surge to $76,000 if a bullish inverse head-and-shoulders pattern confirms.

Bitcoin's price is forming a potential bullish inverse head-and-shoulders pattern on its daily chart, which could push prices up to $76,000 if confirmed. This pattern, typically signaling a trend reversal, is not yet confirmed and depends on Bitcoin breaking above the neckline at around $66,800. However, regulatory uncertainty around the Clarity Act and a key support level near the 50-day moving average at $63,321 could challenge the bullish outlook. Traders should watch for a decisive breakout above the neckline or a drop below the 50-day average to gauge the next move.

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