Potential Growth of Bitcoin up to $148,000,
Amid Market Conditions:
August 3, 2025
According to Coin Telegraph, Bitcoin (BTC) has seen a decrease 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 final shakeout after which Bitcoin could start a significant upward trend, potentially reaching a price of $150,000,
On Sunday, Bitcoin regained its 50-day Exponential Moving Average (EMA), which is a key support level, as it briefly broke below this level in recent days,
Historically, the 50-day EMA has aided in initiating new rallies, as seen in a 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 increase.
This 50-day EMA support aligns with the neckline of Bitcoin's current Inverted Head and Shoulders (IH&S) pattern. After crossing the neckline, Bitcoin retested it, which is a common post-breakout process, and it bounced back, confirming the validity of this bullish reversal setup.
Following this successful test, Bitcoin is entering the ongoing phase of its breakout $BTC
Amid Market Conditions:
August 3, 2025
According to Coin Telegraph, Bitcoin (BTC) has seen a decrease 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 final shakeout after which Bitcoin could start a significant upward trend, potentially reaching a price of $150,000,
On Sunday, Bitcoin regained its 50-day Exponential Moving Average (EMA), which is a key support level, as it briefly broke below this level in recent days,
Historically, the 50-day EMA has aided in initiating new rallies, as seen in a 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 increase.
This 50-day EMA support aligns with the neckline of Bitcoin's current Inverted Head and Shoulders (IH&S) pattern. After crossing the neckline, Bitcoin retested it, which is a common post-breakout process, and it bounced back, confirming the validity of this bullish reversal setup.
Following this successful test, Bitcoin is entering the ongoing phase of its breakout $BTC