Bitcoin’s Bullish Pattern: Why Analysts Think $150,000 is Within Reach
Despite a recent 7.50% drop, Bitcoin’s price trajectory remains optimistic, with many analysts convinced that the cryptocurrency is poised for a significant breakout. After reaching a record high of $123,250 just three weeks ago, Bitcoin’s price has experienced a slight correction, but this may be the final shakeout before a major surge toward $150,000.
A Critical Support Level
On Sunday, Bitcoin bounced back above its 50-day exponential moving average (50-day EMA), a crucial support level that has historically initiated fresh rallies. In June, for instance, a brief drop below this level was followed by a sharp 25% rebound. Analysts believe that Bitcoin may be repeating this setup, with the 50-day EMA serving as a reliable support level for the next leg higher.
Even a drop into the $110,000-$112,000 range could establish a “perfect bottom” for Bitcoin, potentially setting the stage for the next major uptrend. This bullish outlook is reinforced by the cryptocurrency’s prevailing inverted head-and-shoulders (IH&S) pattern, which targets a move toward $148,250 after breaking above the neckline and pulling back to retest it.
A Technical Breakout with Big Implications
The successful neckline retest signals that Bitcoin may be entering the continuation phase of its breakout, with the IH&S pattern aligning with the widely anticipated $150,000 BTC upside target for 2025. Many analysts expect this target to be reached around October, and the current technical setup suggests that this may be more than just a pipe dream.
Whale Activity: A Bullish Sign?
Onchain data indicates that Bitcoin’s ongoing price dip may lead to another major breakout. According to CryptoQuant data, Bitcoin has seen three major waves of profit-taking by whales during the 2023-2025 bull market. The first wave followed the launch of US spot ETFs in March 2024, the second came after BTC broke $100,000 post-Trump election in late 2024, and the third occurred in July 2025 after a breakout over $120,000 triggered an 80,000 BTC selloff by an old whale.
Each wave of profit-taking has preceded a period of price consolidation or moderate correction, lasting between two to four months. However, these “cooling phases” have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs. With this in mind, the current market activity may be a sign that Bitcoin is undergoing another cyclical cooling phase, paving the way for a major breakout in the near future.
While it’s essential to approach the cryptocurrency market with caution and conduct thorough research before making any investment decisions, the current technical and onchain setup suggests that Bitcoin may be poised for a significant surge. As the market continues to evolve, one thing is clear: the next few months will be crucial in determining the trajectory of Bitcoin’s price.
