Bitcoin's Potential Growth to $148,000,
Amid Market Conditions:
August 3, 2025
According to Coin Telegraph, Bitcoin (BTC) has seen a decline of approximately 7.8% over the past three weeks, which aligns with a broader correction in the cryptocurrency market,
Experts say this decline could potentially be the last shake before Bitcoin begins a significant increase, with the price reaching up to $150,000,
On Sunday, Bitcoin restored its 50-day Exponential Moving Average (EMA), which is a key support indicator, as this level had temporarily broken in recent days,
Historically, the 50-day EMA has supported the start of new rallies, as evidenced by the 25% recovery in June,
Analysts at BitBull believe that if the price falls between $110,000 and $112,000 in the coming days, it could serve as a “full cushion” for Bitcoin, paving the way for the next surge.
This 50-day EMA support aligns with Bitcoin's current Inverted Head and Shoulders (IH&S) pattern's neckline, which Bitcoin retested after crossing the neckline, a typical post-breakout process, and bounced back, confirming the validity of this bullish reversal setup,
After this successful test, Bitcoin enters its ongoing breakout phase $BTC
Amid Market Conditions:
August 3, 2025
According to Coin Telegraph, Bitcoin (BTC) has seen a decline of approximately 7.8% over the past three weeks, which aligns with a broader correction in the cryptocurrency market,
Experts say this decline could potentially be the last shake before Bitcoin begins a significant increase, with the price reaching up to $150,000,
On Sunday, Bitcoin restored its 50-day Exponential Moving Average (EMA), which is a key support indicator, as this level had temporarily broken in recent days,
Historically, the 50-day EMA has supported the start of new rallies, as evidenced by the 25% recovery in June,
Analysts at BitBull believe that if the price falls between $110,000 and $112,000 in the coming days, it could serve as a “full cushion” for Bitcoin, paving the way for the next surge.
This 50-day EMA support aligns with Bitcoin's current Inverted Head and Shoulders (IH&S) pattern's neckline, which Bitcoin retested after crossing the neckline, a typical post-breakout process, and bounced back, confirming the validity of this bullish reversal setup,
After this successful test, Bitcoin enters its ongoing breakout phase $BTC