Bitcoin dip making ‘perfect bottom,’ says analyst: Will BTC rally to $148K?

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.