Bitcoin dip making ‘perfect bottom,’ says analyst: Will BTC rally to $148K?

2 weeks ago

Key takeaways:

Bitcoin’s 50-day EMA bounce aligns with a bullish signifier targeting $148,000.
Old whale’s 80,000 BTC selloff marks 3rd nett wave, often a prelude to a recovery.

Bitcoin (BTC) has dropped by astir 7.8% successful the past 3 weeks amid a broader crypto marketplace correction, but analysts accidental this whitethorn beryllium the last shakeout earlier a breakout toward $150,000.

BTC holds captious moving mean support

On Sunday, Bitcoin retook its 50-day exponential moving mean (50-day EMA; the reddish wave) arsenic enactment aft concisely dipping beneath it a time prior.

The 50-day EMA has served arsenic a reliable enactment level for initiating caller rallies. In June, for instance, a little driblet beneath this question enactment preceded a crisp 25% rebound.

Now, BTC appears to beryllium repeating the aforesaid setup, and expert BitBull says that the cryptocurrency whitethorn acquisition a June-like successful the coming days.

He argues that adjacent a driblet into the $110,000–$112,000 scope would found a “perfect bottom” for Bitcoin, perchance mounting the signifier for the adjacent limb higher.

Classic method breakout targets $148,000

The 50-day EMA enactment further aligns with the neckline of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) pattern.

After breaking supra this neckline, BTC has pulled backmost to retest it—a emblematic post-breakout move—and bounced, reinforcing the validity of the bullish reversal setup.

The palmy neckline retest present signals that Bitcoin whitethorn beryllium entering the continuation signifier of its breakout, with the IH&S signifier targeting a determination toward $148,250.

That is adjacent the wide anticipated $150,000 BTC upside people for 2025, which galore analysts expect to hap astir October.

Old Bitcoin whale’s $9.6 cardinal selloff is bullish

Onchain information further indicates that Bitcoin’s ongoing terms dip whitethorn pb to different large breakout.

Bitcoin has seen 3 large waves of profit-taking by whales during the 2023–2025 bull market, according to CryptoQuant data.

The archetypal followed the March 2024 motorboat of US spot ETFs. The 2nd came aft BTC broke $100K post-Trump predetermination successful precocious 2024. The 3rd occurred successful July 2025 aft a breakout implicit $120,000 triggered an 80,000 BTC selloff by an aged whale.

Each question of profit-taking preceded a play of terms consolidation oregon mean correction, lasting betwixt 2 to 4 months, wrote CryptoQuant analysts successful a study published Friday.

“These cooling phases person historically acceptable the signifier for renewed accumulation and a consequent breakout to caller all-time highs,” they say, adding:

“The information provides compelling grounds that the marketplace is undergoing different cyclical cooling phase, accordant with anterior waves that preceded periods of consolidation and aboriginal breakouts to higher prices.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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