Bitcoin dip making ‘perfect bottom,’ says analyst: Will BTC rally to $148K?
Main Idea
Bitcoin's current price dip may be forming a 'perfect bottom' for a potential rally towards $148,000, supported by key technical indicators and historical whale activity patterns.
Key Points
1. Bitcoin retested its 50-day exponential moving average (EMA) as support, a level historically associated with price rallies.
2. Analysts suggest the current setup resembles a bullish inverted head-and-shoulders pattern, targeting a breakout towards $148,000.
3. Bitcoin has experienced three major profit-taking waves by whales during the 2023–2025 bull market, with the latest selloff potentially signaling an upcoming recovery.
4. The 50-day EMA bounce aligns with the neckline of the inverted head-and-shoulders pattern, reinforcing the bullish continuation phase.
5. Many analysts anticipate Bitcoin reaching the $150,000 target by October 2025, based on current technical and market trends.
Description
BTC price is retesting a key support that previously triggered a 25% rally, potentially signaling a repeat move toward new all-time highs for Bitcoin.
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