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Bitcoin has resumed its upward movement, maintaining strength above the $107,000 level as market momentum builds toward the asset’s recent all-time high above $111,000. As of this writing, BTC is trading at $107,242, reflecting a 1.3% gain over the past 24 hours and a 2.7% rise in the past week.
The market’s rebound comes after a brief dip last weekend, suggesting that investor confidence remains resilient heading into the next potential leg up.
Contributing to the bullish outlook, CryptoQuant analyst İbrahim COŞAR recently highlighted Bitcoin’s successful reclaim of the 50-day Exponential Moving Average (EMA), which he described as a key level to track for short-term price trends.
Bitcoin Reclaims Key Technical Level, Eyes $120K Potential
According to COŞAR, the 50-day EMA often acts as dynamic support during corrections, and regaining this level typically precedes a price rally. In past cycles, similar conditions have led to gains between 10% to 20% shortly after the level was reclaimed.
COŞAR further noted that Bitcoin’s reclaim of the 50-day EMA occurred after a short-lived breakdown, which was quickly reversed with three consecutive daily closes above the level.
This technical setup mirrors previous instances that preceded substantial upward moves. COŞAR also cautioned that while the technical structure favors continued gains, geopolitical uncertainties, especially involving the US, Israel, and Iran, could introduce sudden volatility.
As a result, he advised market participants to avoid leveraged positions in the short term and remain prepared for potential price swings. COŞAR wrote:
That said, geopolitical developments—particularly any positive or negative news involving the U.S., Israel, and Iran—could trigger sudden volatility in BTC’s price. Please avoid using leverage during this period and remain cautious in the face of potential market swings.
Further Into Technicals: Analyst Points to Bullish Flag
Adding to the conversation, independent crypto analyst Captain Faibik suggested that Bitcoin’s price pattern is forming a bullish flag, a common continuation pattern in technical analysis.
According to Faibik, while the structure indicates a likely breakout, a final corrective dip to the $97,000–$98,000 range may occur before upward momentum resumes.
He emphasized that a confirmed breakout above the $108,000 resistance would be a key signal, potentially setting the stage for a mid-term target of $130,000.
$BTC is currently forming Bullish flag Pattern, but there’s a chance we could see one more correction before the massive Bullish Rally begins..
I expect Bitcoin to dip towards the 97–98k zone before bouncing back towards the 108k Crucial Resistance..
Bulls need to break and… pic.twitter.com/YwOOREZTe7
— Captain Faibik 🐺 (@CryptoFaibik) June 25, 2025
Notably, while short-term price forecasts vary, both analysts agree on the broader direction: Bitcoin remains in a bullish phase supported by technical trends. These insights align with broader market sentiment, including the increased inflow from institutional investors.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
