According to @BTC_analyst, Bitcoin (BTC) is forming an inverse head and shoulders pattern on the weekly timeframe, which is widely considered a bullish reversal indicator in technical analysis. This pattern, identified by @BTC_analyst, suggests the potential for a significant upside move in BTC price action if the neckline resistance is broken with strong volume. Traders are closely watching the weekly chart for confirmation, as a breakout could trigger renewed bullish momentum in the Bitcoin market. Short-term corrections are not considered in this analysis, focusing on the longer-term trading outlook (source: @BTC_analyst on Twitter).