Bitcoin’s Potential Rise to $148,000,
Amid Market Conditions:
August 10, 2025
According to Cointelegraph, Bitcoin ($BTC ) has seen a decline of about 7.8% in the past three weeks, consistent with a broader correction in the cryptocurrency market,
On Wednesday, Bitcoin reclaimed its 50-day Exponential Moving Average (EMA), which is a key support level, as
the level was temporarily broken in the past few days,
After this successful test, Bitcoin could enter the ongoing phase of its breakout with a target of $148,250, this target is close to Bitcoin’s expected $150,000 in 2025, which most experts see around October,
On-chain data also shows that the current price of Bitcoin The decline in could signal another major breakout. Bitcoin saw three major profit-taking liquidation waves during the 2023 to 2025 bull market, according to data from CryptoQuant.
The first wave occurred in March 2024 after the start of the US spot $ETH , the second wave occurred after Bitcoin surpassed $100,000 following the election of US President Donald Trump, and the third wave occurred in July 2025 after the breakout of $120,000, in which an old whale sold 80,000 BTC. Each profit-taking wave is followed by a two- to four-month period of price correction or consolidation.
