Despite a recent 7.8% drop over the past three weeks, Bitcoin may be gearing up for a major rally. Analysts believe this correction could be the final shakeout before BTC targets $148,000 to $150,000 with momentum building ahead of Q4 2025.
Key Support Reclaimed
BTC has bounced back above its 50-day EMA a level that previously triggered a 25% rally in June. This bounce also aligns with the neckline of an inverted head and shoulders pattern, hinting at a bullish breakout continuation.
Analysts Outlook
BitBull suggests any dips toward the $110K–$112K range may form a strong bottom. The IH&S pattern projects a move toward $148,250, aligning with wider forecasts of $150K by October.
Onchain Signals
According to CryptoQuant, BTC has seen three waves of whale profit taking since 2023, each followed by a cooldown and then fresh highs. The current pause might be setting up the next breakout.
Eyes on the 50 day EMA and whale activity history may be repeating.
BTC Price: $114,113.01 +1.32%
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Not financial advice. Always DYOR.