Bitcoin is trading at $64,600, down 0.11% over the past 24 hours, but the daily chart is flashing a reversal signal that could target $76,000. The inverse head-and-shoulders pattern, with its neckline at $66,800, needs a decisive daily close above that level to confirm. Meanwhile, Bitcoin Hyper, described as the first Bitcoin Layer 2 with SVM integration, has pulled in $33 million from its presale.
The setup on the daily chart
The pattern has been building since early June. The left shoulder formed near $60,000, the head dropped to $57,700, and the right shoulder sits at $62,500. The measured target is $76,000, calculated from the vertical distance between the head and the neckline at $66,800.
If the breakout happens, the next levels are $80,400, then $89,050, and eventually the $98,000–$100,000 zone. That's a long way up, but the pattern gives traders a clear roadmap.
What could break the setup
The right shoulder at $62,500 is the first support. A breakdown below $60,000 would invalidate the pattern entirely and open the door back to the $57,700 head low. That's the line in the sand.
So far, price is holding above that zone, but it hasn't pushed through the neckline yet. It's a waiting game.
Institutions are holding off
Positioning data suggests institutional players aren't adding risk yet. They're waiting for a clean daily close above $66,800 before expanding exposure. That makes the next few sessions critical — if Bitcoin can't clear that level, the consolidation could drag on.
Bitcoin Hyper's $33M presale
Separately, Bitcoin Hyper, which claims to be the first Bitcoin Layer 2 with SVM integration, has raised $33,014,652.73 in its presale. Tokens are priced at $0.0136843. The project is offering high-APY staking pools during the presale phase, and it's pitching itself as faster than Solana.
That's a notable sum for a presale, especially in a market where most projects are struggling to get attention. Whether the tech lives up to the claims is another question.
