TL; PhD
- Analyst Merlijn sees Bitcoin forming two inverted head and shoulder patterns, projecting a $150,000 rally.
- Resistance remains close to $111,000, and if prices do not rise, the downside target will be nearly $103,000.
- Companies allocate 22% of their profits to Bitcoin, while institutions add $43.5 billion to their balance sheet in 2025.
Double reversed head and shoulder formation
Crypto analyst Merlijn trader has identified what he calls “super cycle formations” on Bitcoin’s long-term charts. He pointed to two reversed head and shoulder patterns.
Dream reverse head and shoulders
Left shoulder. head. Right shoulder.
Not one, but two.
It’s a super cycle formation.This is the generation setup. Don’t fade it. $150k from $btc. Lock in. pic.twitter.com/imyhqjkjkc
-merlijn The Trader (@merlijntrader) September 4, 2025
The first pattern has grown from 2021 to 2024, with the left shoulder between peaks and corrections from 2021 to 2022, and the head at its lowest level in 2022, nearly $15,000, and the right shoulder recovering from 2023 to 2024. In 2025, the second small reverse head and shoulder formed in the range of $70,000 to $95,000. Merlijn said:
“This is a generational setup. Don’t fade it. $btc to $150k. Lock in.”
In particular, the small patterned neckline costs nearly $95,000. As long as the price is above it, the forecast is for $150,000. Bitcoin currently trades around $111,000, with consolidation seen in the $110,000-$115,000 zone.
Resistance and short-term pressure
Michael Van de Poppe offers a short-term view, with resistance at $111,918, lining up at the 20-week EMA. Bitcoin is struggling to surpass this level.
He commented:
“Resistance remains a resistance and the 20-week EMA was unable to break through the resistance as well. If this hasn’t broken, I predict that we’re making a new low.
If resistance is true, the chart shows a drop that could range from $103,000 to $101,000.
Cycle outlook for 2025
Analyst TED compared Bitcoin’s market behavior to Wall Street’s cheat sheet cycle. He considers September 2025 a period of sideways or bearish behavior followed by a strong Q4 rally.
According to his outlook, a blow-off top could arrive in December 2025 or January 2026, reflecting past cycle peaks. He said:
“September could be bearish or lying down, and a massive gathering could follow in the fourth quarter. Blow-off tops will be held in December 2025 or January 2026 in the same way as past cycles.”
He then hopes for a sharp revision to early 2026.
At the same time, Bitcoin adoption is being strengthened. Analyst Lucky noted that companies currently allocate around 22% of their profits to Bitcoin. He also reported that the institution added $43.5 billion worth of Bitcoin in 2025 alone to balance it.
He wrote:
“There are no signs of slowing down as thousands of companies buy Bitcoin every day.”
This trend adds a fundamental layer of support along with technical forecasts, and institutional and corporate demands strengthen long-term growth expectations.
