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Bitcoin’s 50 -day Reflection of EMA copes with a bull focused on $ 148,000.
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SELLOFF 80,000 BTC OLD WHALE indicates a third wave of profit, often a prelude to recover.
Bitcoin (BTC) decreased by 7.50% three weeks after the introduction of a record maximum to approximately $ 123,250. However, analysts say it may be the last shock before escaping to $ 150,000.
BTC has a critical gliding average support
On Sunday Bitcoin again switched his 50 -day exponential gliding average (50 -day EMA; red wave) as support after a short immersion under him the day before him.
The 50 -day EMA served as a reliable level of support for starting fresh assemblies. For example, in June, for example, a short decline below this wave support preceded a sharp 25% reflection.
Related: Bearish Arthur Hayes says Bitcoin could look at $ 100,000 on the macro wind
Now BTC seems to repeat the same setting and analyst Bitbull says that the cryptocurrency can undergo June in the coming days.
They say that even a decline up to $ 110,000 – $ 110,000 would create a “perfect bottom” for bitcoins and potentially set the soil for another leg higher.
Classic targets of technical escape 148 000 $
The 50 -day EMA support is further cope with the Bitcoin’s prevailing head and arm pattern (IH&S).
After breaking over this neckline, the BTC retreated back to test it again-the typical movement after the interruption-and bounce off and strengthen the bull-up of the conversion.
The successful repeated neckline now indicates that Bitcoin can enter the phase of continuing his escape, while IH & S aiming to move towards $ 148,250.
This is close to the widely expected 150 000 $ BTC up a target for 2025that many analysts expect to happen around October.
Selloff $ 9.6 billion is Bull
Data onchain further shows that the ongoing price drop of bitcoins can lead to another major escape.
Bitcoin saw three main waves Whale survey During the bull market 2023–2025, according to cryptoquant data.
The first followed after launching the ETF in March 2024. The second came after BTC at the end of 2024 broke the elections after Trump $ 100k. The third occurred in July 2025 afterwards 80 000 BTC SELLOFF by old whale.
Each wave of profitable implementation was preceded by a period of consolidation of the price or slight correction that lasted between two to four months, he wrote Cryptoquant analysts in a report published on Friday.
“These cooling phases historically determined the soil for renewed accumulation and the subsequent escape to the new historical maximum,” they say, adding:
“The data provide convincing evidence that the market is undergoing a different phase of cyclic cooling, which is in line with the previous waves that preceded the consolidation period and later to tear to higher prices.”
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
