BTC is retesting a key support that previously triggered a 25% rally, potentially signaling a repeat move.
BTC price is retesting a key support that previously triggered a 25% rally, potentially signaling a repeat move toward new all-time highs for Bitcoin.) has dropped by 7.50% three weeks after establishing its record high at around $123,250.
But analysts say this may be the final shakeout before a breakout toward $150,000.On Sunday, Bitcoin retook its 50-day exponential moving average as support after briefly dipping below it a day prior.The 50-day EMA has served as a reliable support level for initiating fresh rallies. In June, for instance, a brief drop below this wave support preceded a sharp 25% rebound.He argues that even a drop into the $110,000–$112,000 range would establish a “perfect bottom” for Bitcoin, potentially setting the stage for the next leg higher.The 50-day EMA support further aligns with the neckline of Bitcoin’s prevailing inverted head-and-shoulders pattern. After breaking above this neckline, BTC has pulled back to retest it—a typical post-breakout move—and bounced, reinforcing the validity of the bullish reversal setup.The successful neckline retest now signals that Bitcoin may be entering the continuation phase of its breakout, with the IH&S pattern targeting a move toward $148,250.Onchain data further indicates that Bitcoin’s ongoing price dip may lead to another major breakout.The first followed the March 2024 launch of US spot ETFs. The second came after BTC broke $100K post-Trump election in late 2024. The third occurred in July 2025 after a breakout over $120,000 triggered an“These cooling phases have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” they say, adding: “The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metaplanet Bitcoin News: Firm Picks Up Additional 2,205 BTC, With Holdings Now Crossing 15,555 BitcoinFor the quarter ending June 30, the company reported a BTC Yield of 95.6%, following a 309.8% yield in the previous quarter.
Read more »
Bitcoin (BTC) News: Ego Death Capital Closes $100M Fund for Bitcoin-Only Projects“We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure - something to build on, not bet on,” ego GP Lyn Alden said.
Read more »
‘Bitcoin Price Train’ Goes Full Ahead, Michael Saylor Shares Ultra-Bullish TakeBitcoin giant Saylor issues urgent Bitcoin call as BTC is breaking out
Read more »
Bitcoin (BTC) Price Blasts Past $120 000 as HASHJ Offers Novel Bitcoin Mining OpportunitiesBitcoin (BTC) Price Blasts Past $120 000 as HASHJ Offers Novel Bitcoin Mining Opportunities
Read more »
BTC News: Bitcoin Project Prepares to Launch BTC-Denominated ExchangeFollowing the lead of Strategy and Metaplanet, there has been a glut of publicly-listed firms building bitcoin treasuries in recent months.
Read more »
Bitcoin News today: Trump Media's Bitcoin Treasury, BTC Options Bets, and Future Crypto PlansTrump Media said Friday it now holds $2B in bitcoin and bitcoin-related securities, plus $300M in options exposure, forming one of the largest crypto treasuries among public firms.
Read more »