Takeaways from the conference:
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Bitcoin’s EMA 50-day bounce coincides with a pattern bullish targeting $148,000.
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It is not uncommon for a third wave of profit to precede a recovery.
BitcoinBTC( ) is down by 7.50% three weeks after setting a record high of around $123,250. But analysts believe this is the final shakeout ahead of a break out towards $150,000.
BTC has critical moving average support
After briefly dipping beneath it the day before, Bitcoin retook on Sunday its 50-day moving exponential average (50-day EMA) as a support.
It has been a useful level of support to initiate new rallies. For example, in June, a short drop below this support wave preceded an abrupt 25% recovery.
Related: Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds
Analyst BitBull has noticed that BTC is repeating this same pattern. says The cryptocurrency could undergo an event similar to June in the upcoming days.
He argues that even a drop into the $110,000–$112,000 range would establish a “perfect bottom” Bitcoin could be the catalyst for the next phase of growth.
The classic break targets are $148,000
The 50-day EMA support further aligns with the neckline of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) pattern.
After breaking above this neckline, BTC has pulled back to retest it—a typical post-breakout move—and bounced, reinforcing the validity of the bullish reversal setup.

The successful neckline retest now signals that Bitcoin may be entering the continuation phase of its breakout, with the IH&S pattern targeting a move toward $148,250.

This is the highly anticipated moment $150,000 BTC upside target for 2025Analysts expect this to occur around October.
Bullish on the sale of an Old Bitcoin Whale’s $9.6 Billion.
Onchain’s data also indicates that Bitcoin’s continued price decline may result in another major breakout.
Bitcoin has experienced three main waves. profit-taking by whales during the 2023–2025 bull market, according to CryptoQuant data.

First, the launch in March 2024 of US Spot ETFs. After the Trump election, BTC broke through $100k in late 2024. The third happened in July of 2025 following a breakthrough over $120,000. 80,000 BTC selloff by an old whale.
Each wave of profit taking was followed by two to four-month periods of moderate price adjustment or consolidation. wrote CryptoQuant’s analysts published a Friday report.
“These cooling phases have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” “They say”
“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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Source: cointelegraph.com

