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Bitcoin's Potential Surge to $148,000 Amid Market Dynamics
According to Cointelegraph, Bitcoin (BTC) has experienced a decline of approximately 7.8% over the past three weeks, coinciding with a broader correction in the cryptocurrency market. Analysts suggest that this downturn might represent the final shakeout before Bitcoin embarks on a significant upward trajectory, potentially reaching $150,000. On Sunday, Bitcoin managed to reclaim its 50-day exponential moving average (EMA) as a support level after briefly dipping below it the previous day. Historically, the 50-day EMA has proven to be a reliable support for initiating fresh rallies, as evidenced by a 25% rebound following a similar dip in June. Analyst BitBull anticipates a similar setup in the coming days, suggesting that even a drop into the $110,000–$112,000 range could establish a "perfect bottom" for Bitcoin, paving the way for the next upward movement.
The 50-day EMA support aligns with the neckline of Bitcoin's prevailing inverted head-and-shoulders (IH&S) pattern. After surpassing this neckline, Bitcoin has pulled back to retest it—a typical post-breakout move—and bounced, reinforcing the validity of the bullish reversal setup. The successful retest of the neckline now indicates that Bitcoin may be entering the continuation phase of its breakout, with the IH&S pattern targeting a move toward $148,250. This target is close to the widely anticipated $150,000 upside for Bitcoin in 2025, which many analysts expect to materialize around October.
Onchain data further suggests that Bitcoin's ongoing price dip may lead to another major breakout. During the 2023–2025 bull market, Bitcoin has witnessed three significant waves of profit-taking by whales, as reported by CryptoQuant data. The first wave followed the March 2024 launch of US spot ETFs, the second occurred after Bitcoin surpassed $100,000 following U.S. President Donald Trump's election in late 2024, and the third took place in July 2025 after a breakout over $120,000 triggered an 80,000 BTC selloff by an old whale. Each wave of profit-taking preceded a period of price consolidation or moderate correction, lasting between two to four months, according to CryptoQuant analysts. They note that these cooling phases have historically set the stage for renewed accumulation and subsequent breakouts to new all-time highs. The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.
The 50-day EMA support aligns with the neckline of Bitcoin's prevailing inverted head-and-shoulders (IH&S) pattern. After surpassing this neckline, Bitcoin has pulled back to retest it—a typical post-breakout move—and bounced, reinforcing the validity of the bullish reversal setup. The successful retest of the neckline now indicates that Bitcoin may be entering the continuation phase of its breakout, with the IH&S pattern targeting a move toward $148,250. This target is close to the widely anticipated $150,000 upside for Bitcoin in 2025, which many analysts expect to materialize around October.
Onchain data further suggests that Bitcoin's ongoing price dip may lead to another major breakout. During the 2023–2025 bull market, Bitcoin has witnessed three significant waves of profit-taking by whales, as reported by CryptoQuant data. The first wave followed the March 2024 launch of US spot ETFs, the second occurred after Bitcoin surpassed $100,000 following U.S. President Donald Trump's election in late 2024, and the third took place in July 2025 after a breakout over $120,000 triggered an 80,000 BTC selloff by an old whale. Each wave of profit-taking preceded a period of price consolidation or moderate correction, lasting between two to four months, according to CryptoQuant analysts. They note that these cooling phases have historically set the stage for renewed accumulation and subsequent breakouts to new all-time highs. The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.
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