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Bitcoin is continuing to rise, and has maintained its strength over $107,000 as the market builds momentum towards the recent asset high of $112,000 BTC currently trades at $107 242, a gain of 1.3% over the last day and 2.7% in the previous week.
After a short dip at the weekend, investors’ confidence is still strong heading into next week. potential leg up.
Contributing to the bullish outlook, CryptoQuant analyst İbrahim COŞAR recently highlighted Bitcoin’s successful reclaimation of the Exponential Moving Average 50-day (EMA), which he characterized as a crucial level to monitor for short-term trend.
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Bitcoin Reclaims key technical level, eyes $120K potential
According to COŞAR, the 50-day EMA often acts as dynamic support during corrections, and regaining this level typically precedes a price rally. In previous cycles, conditions similar to this have produced gains between 10-20% after the level is reclaimed.
COŞAR further noted that Bitcoin’s reclaim of the 50-day EMA occurred after a short-lived breakdown, which was quickly reversed with three consecutive daily closes above the level.
The technical setup mirrors previous instances The COSAR warned that this was not the first time significant upward movements had occurred. COŞAR also cautioned that while the technical structure favors continued gains, geopolitical uncertaintiesThis sudden instability could be caused by a number of factors, including the US, Israel and Iran.
In response, he warned market participants not to take on leveraged positions and be prepared for price changes. COŞAR wrote:
That said, geopolitical developments—particularly any positive or negative news involving the U.S., Israel, and Iran—could trigger sudden volatility in BTC’s price. Please refrain from using leverage in this period, and stay cautious when faced with potential market fluctuations.
More Technical Analysis: The Analyst Points out a Bullish Flag
Capt. Faibik, an independent crypto-analyst, has added his voice to the conversation. suggested Bitcoin’s pattern of price is similar to a bullish arrow, a pattern that appears in many technical analyses.
According to Faibik, while the structure indicates a likely breakout, a final corrective dip to the $97,000–$98,000 range may occur before upward momentum resumes.
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He said that confirmation of a breakout above $108,000 would be an important signal. This could set the stage for the mid-term goal of $130,000.
$BTC The current Bullish Flag Pattern is a possibility, however there could be one last correction before we see the Bullish Rally.
I expect Bitcoin to dip towards the 97–98k zone before bouncing back towards the 108k Crucial Resistance..
Bulls need to break and… pic.twitter.com/YwOOREZTe7
— Captain Faibik 🐺 (@CryptoFaibik) June 25, 2025
Both analysts have different short-term predictions, but they agree that Bitcoin continues to be in a bullish stage, supported by technical trends. These findings are in line with the broader sentiment of the market, which includes an increase in institutional investor interest.
DALL-E Chart created by TradingView.
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Source: www.newsbtc.com
