- Bitcoin has dropped by 7.5% since the recent all-time high ~123,250 cases, but analysts see this as a potential “perfect bottom.”
- BTC successfully retested the 50-day EMA, a support level ahead of a 25% rebound in June.
- The classic reverse shoulder (IH&S) technical pattern targets the price of $148,250.
Bitcoin has rebounded 7.50% in three weeks since establishing a new record high of around $123,250.
But far from marking the end of the Bull Run, some analysts believe this recent DIP could be the last “shakeout” before a major breakout.
On Sunday, Bitcoin regenerated its 50-day index moving average (50-day EMA) as a key support level, temporarily immersed its down one day ago.
This particular moving average has historically served as a reliable launchpad to launch fresh gatherings at the price of Bitcoin.
For example, a similar scenario took place in June. This is when a short drop precedes a sharp rebound of 25% to cryptocurrency value under this same wave of support.
Now it appears that Bitcoin is repeating this same technology setup. Analyst Bitbull suggests that cryptocurrency could be ready for a gathering like June in the coming days.
He said, even if the price fell further to 110,000-112,000. The range could effectively establish a “perfect bottom” for Bitcoin and potentially set the next important stage of movement.
Classic breakout patterns target $148,000
The importance of the 50-day EMA as a support level is further enhanced by alignment with the “neckline” of Bitcoin’s common reverse shoulder (IH&s) pattern.
This classical technical analysis pattern is often considered a powerful indicator of bullish reversal.
After it first broke above this neckline, the price of Bitcoin was pulled back and retested. This is a typical post-destruction movement. The fact that prices have bounced back from this retest level enhances the effectiveness of a bullish inverted setup.
This successful neckline retest indicates that Bitcoin could enter a continuation stage of breakout. According to IH&S Pattern technology, prices are currently targeting a move to the $148,250 level.
This is very close to the widely predicted $150,000 upside target that many analysts predicted Bitcoin in 2025, with many expecting it to happen around October.
Whale Watching: On-Chain Data Shows “Cycle-Climate Stages”
On-chain data provides further evidence that Bitcoin’s ongoing price dip may be a precursor to another major breakout.
According to data from Cryptoquant, the Bitcoin market has experienced three major profit acquisitions by large “whale” investors in the bull market from 2023 to 2025.
The first of these waves followed the launch of the US Spot ETF landmark in March 2024. The second came after Bitcoin broke the $100,000 mark after the Trump election in late 2024.
The third, latest Wave took place in July 2025 after breakouts of over $120,000 led to a massive sale of 80,000 BTC by longtime “old whale” investors.
In a report released Friday, crypto staple analysts noted that each wave of profit acquisitions was followed by a price consolidation period or moderate revision, usually lasting for two to four months.
“These cooling stages have historically set the stage for a breakout to a new history-high that has been renewed accumulation and subsequently breakouts to new history-highs,” they write.
The analyst said, “This data provides compelling evidence that the market is experiencing another phase of circulation cooling, consistent with previous waves that precede the period of integration and subsequent breakouts to prices.”
This suggests that the current dip is not the end of the bull market, but a healthier and necessary part of the cycle.
