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Bitcoin has resumed its upward motion, sustaining energy above the $107,000 degree as market momentum builds towards the asset’s current all-time excessive above $111,000. As of this writing, BTC is buying and selling at $107,242, reflecting a 1.3% acquire over the previous 24 hours and a 2.7% rise previously week.
The market’s rebound comes after a quick dip final weekend, suggesting that investor confidence stays resilient heading into the following potential leg up.
Contributing to the bullish outlook, CryptoQuant analyst İbrahim COŞAR just lately highlighted Bitcoin’s profitable reclaim of the 50-day Exponential Transferring Common (EMA), which he described as a key degree to trace for short-term worth tendencies.
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Bitcoin Reclaims Key Technical Stage, Eyes $120K Potential
In response to COŞAR, the 50-day EMA usually acts as dynamic help throughout corrections, and regaining this degree sometimes precedes a worth rally. In previous cycles, related circumstances have led to features between 10% to twenty% shortly after the extent was reclaimed.
COŞAR additional famous that Bitcoin’s reclaim of the 50-day EMA occurred after a short-lived breakdown, which was shortly reversed with three consecutive every day closes above the extent.
This technical setup mirrors earlier cases that preceded substantial upward strikes. COŞAR additionally cautioned that whereas the technical construction favors continued features, geopolitical uncertainties, particularly involving the US, Israel, and Iran, might introduce sudden volatility.
In consequence, he suggested market contributors to keep away from leveraged positions within the brief time period and stay ready for potential worth swings. COŞAR wrote:
That mentioned, geopolitical developments—notably any optimistic or adverse information involving the U.S., Israel, and Iran—might set off sudden volatility in BTC’s worth. Please keep away from utilizing leverage throughout this era and stay cautious within the face of potential market swings.
Additional Into Technicals: Analyst Factors to Bullish Flag
Including to the dialog, unbiased crypto analyst Captain Faibik recommended that Bitcoin’s worth sample is forming a bullish flag, a standard continuation sample in technical evaluation.
In response to Faibik, whereas the construction signifies a probable breakout, a closing corrective dip to the $97,000–$98,000 vary might happen earlier than upward momentum resumes.
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He emphasised {that a} confirmed breakout above the $108,000 resistance could be a key sign, probably setting the stage for a mid-term goal of $130,000.
$BTC is at the moment forming Bullish flag Sample, however there’s an opportunity we might see another correction earlier than the huge Bullish Rally begins..
I anticipate Bitcoin to dip in the direction of the 97–98k zone earlier than bouncing again in the direction of the 108k Essential Resistance..
Bulls want to interrupt and… pic.twitter.com/YwOOREZTe7
— Captain Faibik 🐺 (@CryptoFaibik) June 25, 2025
Notably, whereas short-term worth forecasts fluctuate, each analysts agree on the broader path: Bitcoin stays in a bullish section supported by technical tendencies. These insights align with broader market sentiment, together with the elevated influx from institutional buyers.
Featured picture created with DALL-E, Chart from TradingView
