Bitcoin is making a “perfect Dip ”, can the price recover to $148,000?

Bitcoin (BTC) price is currently retesting an important support zone that previously triggered a rally of over 25%. Maintaining this area could signal a similar scenario, paving the way for Bitcoin to establish a new all-time high in the near future.

Although BTC has dropped around 7.8% in the past three weeks, amid a broad cryptocurrency market correction, many analysts believe this could be the "final shake", a necessary adjustment before Bitcoin makes a strong breakthrough to $150,000 in the current cycle.

Bitcoin Maintains Support at Important MA Line, Positive Signal for Next Trend?

On Sunday, Bitcoin recovered above the 50-day Exponential Moving Average (EMA 50 - red line), after temporarily falling below this level in the previous trading session. Maintaining this important dynamic support shows that buyers are still controlling the market, at least in the short term.

The 50-day EMA continues to serve as an important technical support for Bitcoin, often marking the beginning of new recovery periods. Previously, in June, BTC also briefly broke below this line before surging by around 25%.

Currently, Bitcoin seems to be forming a similar pattern. According to analysis from BitBull, if the price corrects to the $110,000 - $112,000 range, this could be the "perfect dip" stage, paving the way for a new growth cycle in the near future.

Classic Technical Pattern Indicates $148,000 Price Target for Bitcoin

The 50-day Exponential Moving Average (EMA 50) now not only serves as a dynamic support but also coincides with the neckline of the forming Inverse Head & Shoulders (IH&S) pattern on the BTC price chart. After breaking through the neckline, Bitcoin has returned to retest this area, a common behavior in successful technical breakout patterns before rising again.

If this neckline retest is confirmed as successful, Bitcoin may be entering a continuation phase of the upward trend, with a price target from the IH&S pattern falling around $148,250. This number is very close to the $150,000 forecast that many analysts expect Bitcoin to reach in the 2025 price increase cycle, possibly around October.

Bitcoin Whales Lock in Profits of $9.6 Billion: Positive Signal for Price Increase Cycle?

The latest on-chain data suggests that the current Bitcoin price correction could be a stepping stone for a new growth wave. According to CryptoQuant, the market has recorded three major profit-taking waves by "long-term whales" during the bull run from 2023 to 2025.

• The first wave occurred after the Bitcoin spot ETFs were approved in the US in March 2024.
• The second wave began after Bitcoin crossed the $100,000 mark due to the effect of the US presidential election at the end of 2024.
• The most recent third wave occurred in July 2025 when BTC broke through $120,000, leading a long-term whale to sell 80,000 BTC, equivalent to over $9.6 billion.

Analysts from CryptoQuant note that each of these selling waves leads to short-term price accumulation or correction periods lasting 2 to 4 months, before the market continues to reach new peaks. They emphasize: "Such 'cooling off' periods typically create ideal conditions for re-accumulation, and pave the way for a more powerful price explosion."

This article does not contain investment advice or recommendations. Each investment and trading decision carries risks, and readers should conduct their own research when making decisions.