Bitcoin News Today: Bitcoin Retests Key 50-Day EMA Amid Bullish Patterns and Whale Activity

Bitcoin is currently retesting the 50-day exponential moving average (EMA), a critical support level that historically has acted as a catalyst for significant price rallies. After a brief dip below this level, Bitcoin has rebounded, reinforcing its importance as a dynamic support zone. In June 2025, a similar dip was followed by a 25% price increase, suggesting that the current retest may be setting the stage for another bullish move [1].

Technical analysts have identified a classic bullish pattern: the inverted head-and-shoulders formation. The 50-day EMA aligns with the neckline of this pattern, and the recent pullback and bounce confirm its validity. This configuration projects a price target of approximately $148,250, closely aligning with broader market expectations for a $150,000 level by late 2025 [1].

On-chain data also reveals significant activity from large Bitcoin holders, or "whales." A recent selloff of 80,000 BTC, valued at around $9.6 billion, marks the third major profit-taking wave since 2023. According to analysts at CryptoQuant, such selloffs often precede periods of consolidation that last two to four months. These phases typically allow for renewed accumulation and set the foundation for future price breakouts [1]. Historically, similar whale selloffs have led to market cooling periods, which, while temporarily bearish, have ultimately fostered healthier conditions for the next upward cycle [1].

Market observers are closely monitoring whether Bitcoin can maintain its position above the 50-day EMA. If it holds, the asset may continue its trajectory toward $148,000. Analysts suggest that the key technical targets are supported not only by the EMA but also by the confirmed pattern and whale activity [1]. The $148,000 level is considered a potential gateway to the anticipated $150,000 milestone.

Sources:

[1] https://en.coinotag.com/bitcoin-retests-key-support-amid-patterns-suggesting-possible-rally-toward-148000/