💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
90% of the CT is calling this an end.
But this chart indicates a new start of an "uptrend"
Bitcoin weekly RSI has reach the same level it did after in 2022 Bear Market.
The last time weekly RSI dropped into the mid-20s, Bitcoin was deep in capitulation.
Sellers were already exhausted.
👉 RSI LEVELS THAT PRECEDED MAJOR REVERSALS
Momentum couldn’t push lower because most weak hands had already exited.
That phase didn’t lead to further collapse.
It led to base formation → trend reversal → new cycle.
Historically, weekly RSI under 30 has coincided with major macro lows across cycles.
These zones appear when fear is highest and positioning is most washed out, exactly like now.
At the same time, price is hovering near $67K, almost perfectly aligned with the 2021 cycle ATH
👉 WHY THIS LEVEL MATTERS STRUCTURALLY?
Bitcoin is not just oversold. It’s oversold on top of its previous cycle top.
Across multiple cycles, Bitcoin has repeatedly treated prior ATH levels as long-term floors.
Markets tend to build bases here because strong hands accumulate while sentiment is still negative.
Right now we’re seeing:
• Weekly RSI at bear-market levels
• Price sitting on prior cycle ATH
• Sentiment near extremes
• Liquidations already flushed
That combination historically produces rebounds roughly 80–90% of the time.
This doesn’t guarantee instant upside. Markets rarely move that cleanly.
But when momentum is washed out and price sits on structural support, probabilities shift.
Not toward panic.
Toward rebuilding.
And rebuilding phases are exactly where new uptrends begin.