Bitcoin's recent surge above $12,000 has sparked renewed interest in the market. A closer look at the weekly chart reveals a textbook inverse head and shoulders pattern, with the neckline being tested. If the breakout holds, we could see a push towards $15,000. However, a rejection at the neckline would be a bearish signal, targeting $10,000.

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Inverse head and shoulders pattern is a classic bullish signal. If breakout holds, I'd look for a confirmation of higher lows and higher highs to confirm the uptrend.