Key Takeaways:
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The 50-day Bitcoin EMA bounced with a bullish pattern targeted at $ 148,000.
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Old Whale’s 80,000 BTC Sellooff marks the third wave of income, often a prelude in a recovery.
Bitcoin (Btc) dropped 7.50% three weeks after its record was upheld around $ 123,250. But the analysts said this could be the final grunting before a breakout to $ 150,000.
BTC holds critical transfer of average support
On Sunday, Bitcoin retained a 50-day exponential transfer of average (50-day EMA; the red wave) in support after a short sinking below it a day before.
The 50-day EMA served as a reliable support level for the start of fresh rallies. In June, for example, a brief collapse below this wave support preceded a sharp 25% rebound.
Related: Bearish Arthur Hayes said
Now, the BTC will appear to repeat the same aspup, and analyst bitbull Says That cryptocurrency can undergo a June like in the coming days.
He argues that even a falling $ 110,000- $ 112,000 range will establish a “perfect bottom” for Bitcoin, which is potentially setting the stage for the next leg higher.
Classic technical breakout targets $ 148,000
The 50-day support of the EMA is further aligned with the neckline of the existing reversed head-and-shoulder (ih & s) pattern of bitcoin.
After breaking up above this neckline, the BTC returned to retest it-a typical post-breakout move-and bouncing, strengthening the bullish reversal setup validity.
The successful Neckline Retest now has signed that Bitcoin can enter the continuation of its breakout phase, along with the IH & S pattern that targets a move towards $ 148,250.
That is close to wide expectations $ 150,000 BTC reversed target for 2025which many analysts expect to happen around October.
The $ 9.6 billion sale of bitcoin whale is bullish
Onchain data suggests that the continued sinking of bitcoin prices can lead to another major breakout.
Bitcoin saw the three main waves of Getting revenue through whales During the 2023–2025 bull market, according to cryptoquant data.
The first followed the launch of March 2024 of the US spot ETFS. The second came after the BTC broke the $ 100k post-trump election in late 2024. The third occurred in July 2025 after a breakout of more than $ 120,000 triggered the 80,000 BTC Sellooff of an Old Whale.
Each wave of income earnings precedes a period of price or moderate correction, lasting between two to four months, write Cryptoquant analysts in a report published Friday.
“These cooling phases have a history that sets the stage for updated accumulation and a subsequent breakout to new high-time highs,” they say, and adding:
“Data provides compelling evidence that the market is undergoing another cycle of cooling stage, which is in line with the preceding waves that preceded the time of integration -together and later breakouts at higher prices.”
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
