$BTC $ETH #crptonews Bitcoin's Potential Surge to $148,000 Amid Market Conditions

August 3, 2025

According to Cointelegraph, Bitcoin (BTC) has seen a decline of approximately 7.8% over the past three weeks, aligning with a broader correction across the cryptocurrency market.

Experts suggest that this decline could potentially be the final dip before Bitcoin begins a significant upward rally, possibly reaching up to $150,000.

On Sunday, Bitcoin reclaimed its 50-day Exponential Moving Average (EMA), a key support level that had been briefly breached in recent days. Historically, the 50-day EMA has helped initiate new rallies—such as the 25% recovery observed in June.

Analyst BitBull believes that if the price drops between $110,000 and $112,000 in the coming days, it could form a “final bottom” for Bitcoin, paving the way for the next upward leg.

This 50-day EMA support also aligns with the neckline of Bitcoin’s current Inverted Head and Shoulders (IH&S) pattern. After breaking above the neckline, Bitcoin retested it—a typical post-breakout move—and bounced, confirming the validity of this bullish reversal setup.

Following this successful retest, Bitcoin may now be entering the continuation phase of its breakout, with a target of $148,250. This aligns closely with the widely projected $150,000 price target expected by many analysts around October 2025.

On-chain data also indicates that the recent dip could be a precursor to another major breakout. During the 2023–2025 bull market, Bitcoin experienced three major profit-taking liquidation waves, as per data from CryptoQuant:

2. The second wave came after Bitcoin crossed $100,000 following U.S. presidential elections favoring Donald Trump.

3. The third wave happened in July 2025 after breaking $120,000, when an old whale sold 80,000 BTC.

These phases serve as a foundation for new accumulation and later, fresh all-time highs. Current data suggests the market is in another such cyclical cooling phase—signaling a likely correction followed by another bullish rally, just like in previous cycles.l