Bitcoin dip making 'perfect bottom,' says analyst: Will BTC rally to $148K?

Is Bitcoin's Recent Dip a "Perfect Bottom" Setting the Stage for $148,000?

Bitcoin has seen a notable dip, retracing approximately 7.5% from its recent all-time high of $123,250. While corrections can be unsettling, a closer look at market dynamics and expert analysis suggests this might not be a cause for concern, but rather a strategic consolidation before the next significant upward move. Analysts are pointing to key technical indicators and on-chain whale behavior that align to paint a bullish picture, potentially signaling a rally towards the $150,000 mark.

Key Insights from the Current Bitcoin Landscape:

• Bitcoin's bounce off its 50-day Exponential Moving Average (EMA) historically precedes significant rallies.
• A confirmed inverted head-and-shoulders (IH&S) pattern targets a strong upside, specifically $148,250.
• Recent large-scale profit-taking by "old whales" is a recurring market cycle that often sets the stage for new all-time highs.

The 50-Day EMA: A Reliable Support Indicator

One of the most compelling technical signals is Bitcoin's interaction with its 50-day Exponential Moving Average. After a brief dip below this critical moving average, Bitcoin swiftly reclaimed it as support. This isn't an isolated event; the 50-day EMA has consistently acted as a launchpad for fresh rallies in the past. For instance, a similar brief dip and recovery in June previously ignited a robust 25% rebound. The current setup appears to be a mirror image of that pattern, leading analysts to anticipate a similar upward trajectory in the near future. This resilience at a pivotal support level reinforces the idea that the dip is a retest, not a breakdown, solidifying what some refer to as a "perfect bottom" before the next leg up.

Inverted Head-and-Shoulders Pattern Points to $148,000

Further bolstering the bullish sentiment is the confirmation of an inverted head-and-shoulders (IH&S) pattern on Bitcoin's daily chart. This classic bullish reversal pattern is a powerful indicator of a potential trend reversal from bearish to bullish. Bitcoin recently broke above the neckline of this pattern and, critically, has now pulled back to retest it successfully. This retest and subsequent bounce from the neckline is a textbook post-breakout move, confirming the pattern's validity and strengthening the case for continued upward momentum. Based on the measurements of this IH&S pattern, the technical target for Bitcoin is a compelling $148,250. This target aligns closely with broader market expectations for Bitcoin to reach $150,000 by late 2025, potentially around October.

Whale Profit-Taking: A Historical Precursor to Rallies

Beyond technical charts, on-chain data offers a fascinating perspective on the current market phase. According to CryptoQuant, the 2023-2025 bull market has seen three distinct waves of significant profit-taking by Bitcoin whales. The first wave occurred after the launch of US spot ETFs in March 2024. The second followed Bitcoin breaking $100,000 after the Trump election in late 2024. The most recent and third wave took place in July 2025, sparked by a breakout above $120,000, which saw an old whale offload approximately 80,000 BTC. What's crucial here is the historical context: each of these profit-taking waves has been followed by a period of market consolidation or moderate correction, typically lasting two to four months. Historically, these "cooling phases" have consistently set the stage for renewed accumulation and subsequent breakouts to new all-time highs. The current dip, therefore, appears to be another such cyclical cooling phase, perfectly consistent with prior patterns that led to significant price appreciation.

What This Means for Bitcoin's Future

The confluence of these factors—the strong support at the 50-day EMA, the confirmed inverted head-and-shoulders breakout targeting $148,250, and the cyclical nature of whale profit-taking—presents a robust argument for Bitcoin's imminent upward trajectory. While short-term volatility is a natural part of any market, these underlying indicators suggest that the current dip is a strategic repositioning rather than a signal of deeper concerns. For those closely watching the market, these insights provide a framework for understanding Bitcoin's potential path forward toward new record highs.

Important Note:

This analysis is based on market observations and expert opinions. It does not constitute investment advice or recommendations. Every investment and trading decision carries inherent risks, and readers are strongly encouraged to conduct their own thorough research and consult with financial professionals before making any investment choices.