Bitcoin and Solana Could See Bullish Breakouts If Key Price Levels Hold, Analyst Notes
• Bitcoin could form a bullish inverse head and shoulders pattern if it holds above $40,500 support level, according to analyst Cheds • The pattern suggests bulls are willing to accumulate Bitcoin without waiting for further price drops • Breakout predicted if Bitcoin manages to overcome resistance around $42,300 • Cheds also analyzing Solana's price action, notes breakout if it flips $103 to support • Indicates possible bullish momentum building for Bitcoin and Solana based on technical analysis