Bitcoin is showing signs of preparing for a significant price increase, attracting investor interest.
Recent price movements and on-chain signals suggest that Bitcoin could surpass the $112,000 mark, aiming for a price range above $130,000, despite ongoing short-term selling pressure.
MAIN CONTENT
The 50-week moving average (50 WMA) of Bitcoin is a significant technical support level.
On-chain activity shows Bitcoin accumulation from long-dormant wallets, likely by large investors.
Despite positive signs, short-term selling pressure still exists from traders betting on a price drop.
Bitcoin’s 50-WMA signals that the $130,000 price range is an important support level.
Cryptocurrency trading expert Mags states that Bitcoin's 50-week moving average has long been a strong support level, often helping the price bounce back. Each time it touches the 50 WMA in history, Bitcoin typically presents buying opportunities and moves to new highs.
Mags' analysis chart indicates several clear buy signals when the price touches the 50 WMA, except for one instance in early 2022 when BTC could not maintain this level. Today, the 50 WMA continues to affirm its strong support role.
Bitcoin could surpass the $112,000 mark and reach $130,000 if the historical price action repeats with the 50 WMA as the support foundation.
Mags, cryptocurrency trading expert, July 2025
On-chain activity shows the accumulation trend of Bitcoin by large investors.
Analyst Maartunn noted the movement of over 19,400 BTC from 'sleeping' wallets for 3-7 years to large institutional wallets, valued at approximately $2.11 billion. This is a strong sign that large investors are preparing to increase their Bitcoin holdings.
These large transactions are divided into three parts, moving sequentially from inactive wallets for many years to large-scale institutional addresses:
8,002 BTC from 3-5 year wallets
2,438 BTC (3-5 years) and 6,000 BTC (5-7 years)
3,002 BTC from 5-7 year wallets
This action, while it may signal a selling strategy, also indicates that large-scale investors are preparing to hold with expectations of stable or rising prices.
Large on-chain Bitcoin transactions contribute to reinforcing the possibility that institutions are accumulating, preparing for an upward trend.
Maartunn, cryptocurrency analyst, July 2025
Short-term selling pressure is still present.
Data from CryptoQuant shows that the Cumulative Volume Delta (CVD) remains in negative territory, indicating that short-selling orders are still active. This suggests that a segment of traders are betting on a short-term decline in Bitcoin prices, creating pressure on the upward momentum.
Although there are positive technical and on-chain signals, it is important to note that the cryptocurrency market is highly volatile, and selling pressure may affect price breakouts in the near term.
What do the combined technical and on-chain signals indicate for Bitcoin's outlook?
The combination of the solid 50 WMA support level and the movement of Bitcoin from long-dormant wallets to institutional addresses forecasts a positive outlook for BTC prices. Experts predict a breakout towards a price range above $130,000 in the medium term.
However, investors need to closely monitor short-selling activities and market liquidity, as these are important metrics for predicting short-term volatility.
Frequently Asked Questions
What does the 50 WMA mean in Bitcoin analysis? The 50-week moving average represents an important support threshold, helping to determine long-term trends and reliable buy/sell signals.
How does on-chain activity affect Bitcoin prices? Moving coins from long-dormant wallets to institutional wallets indicates an accumulation trend, reinforcing expectations of price increases.
How long can short-term selling pressure last? Selling pressure still depends on market volatility and trader sentiment, which can change rapidly due to technical factors and news.
What indicators should be monitored to evaluate the Bitcoin market? Attention should be paid to important moving averages, CVD data, trading volume, and reputable on-chain activity.
What are large investors doing with Bitcoin currently? They are accumulating BTC by transferring from inactive wallets to institutional wallets, presumably preparing for the next price increase.
Source: https://tintucbitcoin.com/bitcoin-bull-run-ket-thuc-hay-bat-dau/
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