FameEX Hot Topics | Bitcoin’s Dip Marks the 'Perfect Bottom,' Says Analyst, BTC Will Surge to $148K

Bitcoin is currently testing a key support level that has historically sparked major price rallies. After reaching an all-time high of approximately $123,250 three weeks ago, the cryptocurrency has declined by 7.5%. Despite the drop, many analysts interpret this correction as a final shakeout before a potential surge toward the $150,000 mark.

On Sunday, Bitcoin reclaimed its 50-day exponential moving average (EMA) as support after briefly falling below it. This technical level has acted as a springboard for rallies in the past. Notably, a similar dip below the 50-day EMA in June preceded a 25% price rebound. The current rebound suggests that a similar bullish move could be developing again.

Analyst BitBull notes that Bitcoin's recent pattern closely resembles the June setup. He believes a drop to the $110,000–$112,000 range would form a “perfect bottom,” creating an ideal base for the next leg higher. This zone could attract buying interest, especially among traders watching for a repeat of previous breakout behavior.

Adding to the bullish outlook is Bitcoin’s ongoing interaction with the neckline of its inverted head-and-shoulders (IH&S) pattern—a classic indicator of a trend reversal. After breaking above the neckline, BTC has pulled back to retest it, a common move in technical analysis. The bounce from this level reinforces the pattern’s validity and suggests further upside momentum.

The confirmed IH&S pattern points to a breakout target of around $148,250, aligning closely with the widely anticipated $150,000 level projected by analysts for late 2025. Many expect this milestone to be reached by October. Additionally, on-chain data supports the case for an upcoming rally, showing signs that this price dip may be setting the stage for Bitcoin’s next major move upward.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.