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Home»Bitcoin»Can BTC Price Rebound 30%?

Can BTC Price Rebound 30%?

Bitcoin By Gavin03/08/2025
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Bitcoin price action weakens amid surprising US employment data.
Bitcoin price action weakens amid surprising US employment data.
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The key takeaways

  • Bitcoin’s fifty-day EMA is in line with a pattern bullish targeting $148,000.

  • The 80,000 BTC sale by Old Whale marks the third profit wave. This is often an indication of a future recovery.

BitcoinBTC() is down by 7.8% over the last three weeks, amid a wider crypto market correction. Analysts say that this could be the last shakeout prior to a breakthrough towards $150,000.

BTC has critical moving average support

Bitcoin regained support on Sunday after briefly dipping under its 50 day exponential moving average.

BTC/USD price charts. TradingView

It has been a useful level of support to initiate new rallies. For example, in June, a short drop below the 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 coming weeks.

He argues that even a drop into the $110,000–$112,000 range would establish a “perfect bottom” Bitcoin may be setting up the next wave of price growth.

Breakout targets for classic technical breakthroughs $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.

Source: Merlijn The Trader

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.

BTC/USD price charts. TradingView

This is the highly anticipated moment $150,000 BTC upside target for 2025Many analysts predict that the event will take place around October.

The sale of $9.6 billion by an old Bitcoin whale is bullish

Onchain data indicates further that Bitcoin’s current price drop may lead to a major breakout.

Bitcoins have seen three waves. profit-taking by whales during the 2023–2025 bull market, according to CryptoQuant data.

Bitcoin profits made by both old and new whales Source: CryptoQuant

First, the launch in March 2024 of US Spot ETFs. Second, BTC reached $100K in the late 2024 after Trump’s election. Thirdly, in July 2025 a breakout of over $120,000 was triggered. 80,000 BTC selloff by an old whale.

In between 2 and 4 months each wave of profit taking was followed by a price consolidation phase or a mild correction. 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.”

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.