[Analyst: Bitcoin may rise to $76,000 if it stabilizes above the key resistance level of $66,600] BlockBeats news, August 20, Tech Charts market technical analyst Aksel Kibar pointed out that the BTC daily chart has been forming a bullish inverse head-and-shoulders pattern since the June low. The neckline resistance is located around $66,600. Kibar stated that if BTC clearly breaks through and stabilizes above the neckline, it will confirm the inverse head-and-shoulders pattern, and based on the distance from the head to the neckline, the target price could point to $76,000. This structure has been forming since early June and may indicate that after Bitcoin peaked at $126,000 last October, the current bear market is building a potential bottom. Traders are currently watching whether this pattern can be confirmed and initiate a new upward trend. [Original link]