BTC Price Prediction: Ascending Triangle Suggests $150K Target Amid Volatility

#BTC

• Bitcoin's price is testing key resistance at $123K with an ascending triangle pattern.
• Bullish MACD triggers for BTC dominance hint at renewed institutional demand.
• Volatility may persist due to inflation concerns and supply zone rejections.

BTC Price Prediction

BTC Technical Analysis: Bullish Signals Emerge

According to BTCC financial analyst Emma, Bitcoin (BTC) is currently trading at 117,384 USDT, slightly above its 20-day moving average (MA) of 116,944.91. The MACD indicator shows a bearish crossover with values at -823.39 (MACD line), 589.45 (signal line), and -1412.84 (histogram). However, the price remains within the Bollinger Bands (upper: 121,881.44, middle: 116,944.91, lower: 112,008.38), suggesting potential volatility ahead. Emma notes that a breakout above the upper band could signal a strong bullish trend.

Market Sentiment: Mixed Signals Amid Record Highs

BTCC financial analyst Emma highlights mixed market sentiment as bitcoin retreats 4% from its all-time high. News of a dormant Bitcoin whale moving $353M in BTC and bullish MACD triggers for Bitcoin dominance suggest underlying strength. However, inflation data and rejection at key supply zones have sparked a correction. Emma believes the ascending triangle pattern and $123K breakout potential keep the $150K target plausible if bullish momentum resumes.

Factors Influencing BTC’s Price

Bitcoin Retreats 4% from Record High as Inflation Data Sparks Correction

Bitcoin's rally to a historic $124,480 abruptly reversed after U.S. wholesale inflation data rattled markets, triggering a 4% pullback to $117,460. The cryptocurrency's sensitivity to macroeconomic signals resurfaced as Federal Reserve rate cut optimism collided with fresh inflation concerns.

Treasury Secretary Scott Bessent's ambiguous stance on potential U.S. bitcoin acquisitions added volatility during the peak. His August 14th remarks—first dismissing immediate purchases, then leaving room for budget-neutral acquisitions—created regulatory uncertainty precisely as BTC tested new highs.

Technical indicators now show neutral momentum with an RSI of 51.21, suggesting consolidation after the week's whipsaw action. Institutional demand remains the critical variable, with the correction testing conviction after the record-breaking run.

Bitcoin Whale Awakens After 5 Years, Moves $353M in BTC

A dormant Bitcoin whale, identified by the wallet address "19D5J8," has reemerged after five years of inactivity. The entity holds 23,969 BTC, valued at roughly $2.82 billion, making it one of the earliest and largest known Bitcoin addresses. Today, the whale transferred 3,000 BTC ($353 million) to a new wallet, reigniting speculation about the motives behind such a move.

Large-scale transactions from long-inactive wallets often signal strategic repositioning by early adopters. Market participants are closely monitoring whether this activity precedes broader portfolio adjustments or reflects renewed confidence in Bitcoin's long-term value proposition.

Most Bullish Bitcoin Dominance MACD Trigger Spotted In 5 Years, BTC Price To $150,000?

Bitcoin dominance flashed a rare bullish MACD crossover on monthly charts this week—the first such signal since August 2020. The technical pattern, highlighted by analyst Mikybull Crypto, suggests strengthening momentum for BTC’s market share, now at 59.35%. While not a guarantee of immediate price appreciation, historical precedents show such signals often precede major market moves.

Traders are speculating whether this could ignite another parabolic phase for Bitcoin, with some eyeing a $150,000 price target. The chatter coincides with Bitcoin’s sustained dominance growth over the past year, though analysts caution that MACD crossovers alone don’t dictate market cycles. JDK Analysis added fuel to the debate by referencing long-term cycle charts in discussions with veteran trader Peter Brandt.

Bitcoin Price Prediction: Ascending Triangle Suggests Potential Breakout Beyond $123K

Bitcoin's price action is tightening within a textbook ascending triangle pattern, signaling potential bullish momentum. Trading between $112,592 and $123,334, BTC's consolidation near the $119,106 level hints at an imminent decisive move.

Analysts highlight the significance of the $122,500 resistance zone, where repeated rejections have occurred. The rising trendline from higher lows underscores sustained buyer interest. A breakout above resistance could propel Bitcoin toward new highs, while maintaining support above the 9-day EMA at $118,738 keeps the bullish thesis intact.

Top Win Raises $10M to Expand Bitcoin Treasury Strategy in Pivot to Digital Assets

Hong Kong-based Top Win International has secured $10 million in funding to bolster its Bitcoin treasury holdings, marking a strategic shift toward digital assets for the luxury watch firm. The round was led by Taiwan's Wiselink with a $2 million convertible note, supplemented by $8 million from global investors including U.S.-based United Capital Management.

This transaction represents the first public investment by a listed Taiwanese company in a Bitcoin treasury firm, underscoring growing institutional confidence in BTC as a reserve asset. The capital will primarily fund direct Bitcoin purchases, with potential allocations to other public companies adopting similar strategies.

Top Win emphasized its balance sheet strengthening approach rather than operating as an investment vehicle. The move coincides with the company's broader pivot toward digital assets, though regulatory considerations may influence final fund deployment.

Bitcoin Faces Sharp Pullback After Briefly Topping $123,000

Bitcoin's price retreated sharply after touching $123,000, triggering over $800 million in long liquidations across crypto markets. The rejection came as traders failed to sustain momentum above key resistance levels, with analysts noting excessive greed in the market.

Technical indicators show short-term bearish momentum, marked by the first lower low on hourly charts in weeks. However, the broader uptrend remains intact, with Bitcoin consistently forming higher highs and lows on longer timeframes.

Key levels to watch include resistance at $120,000 and support at $118,200 - the point of control where heaviest trading volume has accumulated. A break below $116,300 could signal deeper correction territory.

Bitcoin Swift Crypto Presale Promises 100x Upside with Innovative Blockchain Features

Bitcoin Swift (BTC3) is generating presale buzz with claims of a potential 100x return, positioning itself as more than just another hype-driven project. The platform combines Proof-of-Yield rewards with a decentralized financial operating system, aiming to deliver immediate value to early investors.

Key differentiators include AI-powered smart contracts that self-optimize, a hybrid PoW/PoS consensus mechanism, and privacy-focused decentralized identity solutions. The project also introduces a USD-pegged stablecoin backed by BTC3 collateral, targeting real-world payments and DeFi applications.

Unlike typical presales that defer rewards, Bitcoin Swift implements stage-by-stage Proof-of-Yield distributions. Its environmental focus through clean energy incentives adds another layer of differentiation in today's climate-conscious crypto market.

Bitcoin Holds Steady While Hash Rate Climbs to ATH; $125K Target Imminent After Breakout

Bitcoin's price has entered a consolidation phase, holding steady after its strong rally earlier this year. This pause is typical after significant upward movements, as traders lock in profits and the market awaits new catalysts. Such consolidation often precedes major breakouts, making this a critical juncture for both short-term traders and long-term holders.

Meanwhile, Bitcoin's network hash rate continues its relentless climb, reaching unprecedented levels. The hash rate—a measure of the computational power securing the network—reflects growing miner confidence. Historically, hash rate surges follow price appreciation, as higher BTC valuations attract mining investment. Miners operate with long-term horizons, and their continued commitment signals underlying strength.

The divergence between stagnant price action and soaring network fundamentals has captured analyst attention. With the hash rate at all-time highs and a potential $125K price target looming, Bitcoin appears poised for its next major move.

Fact Check: Is Google Getting Into Bitcoin Mining Through TeraWulf?

Google's rumored $3.7 billion stake in Bitcoin miner TeraWulf sent shockwaves through crypto markets, but the reality is more nuanced. The tech giant isn't directly mining BTC—it's providing $1.8 billion in financial backing to Fluidstack, an AI cloud platform with colocation agreements at TeraWulf's New York facility. This strategic move gives Google warrants for 8% of TeraWulf's shares, positioning it at the intersection of AI infrastructure and crypto mining without operational involvement.

The deal highlights institutional interest in Bitcoin's infrastructure layer rather than direct cryptocurrency exposure. TeraWulf's Lake Mariner data center, capable of delivering 200MW for AI and mining operations, becomes a critical junction point between two transformative technologies. Market observers note this could signal growing corporate acceptance of Bitcoin's value proposition, even if through indirect channels.

Energy Battle Intensifies Between AI and Bitcoin Miners

The competition for cheap energy sources has escalated into a strategic conflict between artificial intelligence operations and Bitcoin mining enterprises. While Bitcoin miners recently celebrated a record $1.52 billion in monthly revenue, their energy infrastructure faces growing pressure from deep-pocketed AI data centers.

Industrial-scale AI facilities are now outbidding miners for power contracts, disrupting established mining economics. This shift has pushed Bitcoin's production cost toward $70,000 per coin, though mining remains profitable at current prices. Some mining companies are adapting by repurposing infrastructure for AI workloads.

The energy landscape reveals broader technological stakes. "Innovation comes at a cost," observes the report, noting that progress increasingly depends on securing megawatts rather than just developing algorithms. Both sectors continue innovating—miners through hardware efficiency gains, AI through sheer capital expenditure—in this high-stakes race for electricity.

Bitcoin Price Drops After Rejection At Key Supply Zone

Bitcoin's price retreated to $117,000 after a failed attempt to sustain momentum above $124,000. Market analysts point to a stubborn supply zone as the primary resistance level, with the cryptocurrency now testing critical support thresholds.

The brief rally to record highs near $124,000 met immediate selling pressure, confirming the area as strong resistance. Traders are watching the $120,000 level closely—a decisive break above this threshold could reignite bullish momentum toward price discovery.

Range-bound activity suggests consolidation rather than trend reversal. The Monday trading range remains pivotal, with a hold above session lows potentially setting the stage for a rebound toward $121,000.

How High Will BTC Price Go?

Emma from BTCC projects a short-term target of $123K if Bitcoin breaks the ascending triangle, with a potential rally to $150K supported by bullish dominance metrics. Key technical levels and recent whale activity indicate strong institutional interest. Below is a summary of critical data: