Bitcoin Braces for Final Pullback Before Monumental $125K Surge

Market tremors suggest BTC’s last correction before the real fireworks begin. Traders eye the dip as a final boarding call—Wall Street analysts already polishing their ’told-you-so’ speeches.

Volatility? More like a discount fire sale. The king of crypto isn’t crashing—it’s reloading. Just don’t tell the gold bugs.

A Recurring Pattern Signals Possible Breakout

Popular crypto analyst Moustache recently identified a familiar and potentially bullish chart pattern developing on Bitcoin’s 4-hour chart from the OKX exchange. His analysis points to a repeated ascending broadening wedge structure, which has previously preceded a sharp move upward.

According to Moustache, a similar wedge formed between April 23 and early May. Bitcoin’s price repeatedly tested resistance NEAR $94,500, $97,000, and $97,900, while support was maintained between $91,800 and $93,800. The breakout from this wedge in early May pushed BTC to a local high near $104,000.

Now, a second ascending broadening wedge has taken shape, beginning in mid-May and continuing into June. Support held at $100,700 and $103,489, while resistance peaked when Bitcoin hit an all-time high of $111,980 on May 21. Following that peak, BTC began a correction phase and is currently testing support once again.

Key Levels to Monitor

Moustache emphasized that $102,000 is a critical level for a potential buyback if bitcoin experiences one final dip. He also marked $97,000 as a vital support threshold that must not break, warning that losing this level could invalidate the bullish setup.

If the current wedge mirrors the previous one, a strong breakout could be imminent. Moustache’s speculative projection suggests that Bitcoin could surge past $125,000, representing a potential continuation of its broader 2025 bull trend.

Market Conditions and Recent Performance

The market has seen both turbulence and Optimism over the last few months. Despite the recent dip, Bitcoin’s performance in April and May has been encouraging. According to data from Bitcoin Magazine Pro, BTC posted an 11.09% gain in May, following a 14.21% rise in April. This marked the first set of consecutive monthly gains since the late 2024 bull streak.

This recovery came after a sharp 17.54% drop in February 2025, which was the largest monthly loss so far this year. The back-to-back positive closes signal potential strength, but analysts remain cautious as Bitcoin enters historically unpredictable summer months.

Summer Volatility Looms

Data from Bitcoin Magazine Pro’s Monthly Returns Heatmap shows that June has traditionally been an unstable month for BTC. Over the past eight years, Bitcoin has recorded losses in five Junes, underscoring the month’s unpredictable nature.

As of now, June 2025 is off to a slightly positive start, with a 0.98% month-to-date return. However, this mild gain offers little comfort given the market’s tendency to see rapid sentiment shifts in early summer.

July also presents mixed historical results. While the month saw strong rallies in 2017, 2018, and 2020—posting returns above 16% each year—the subsequent years have been less impressive. In 2023, BTC declined by 4.15%, while 2024 saw only a modest 3.10% rise.

This mixed track record raises concerns that Bitcoin might be entering a seasonal slowdown, often referred to as the “summer lull.”

Final Thoughts

Despite near-term volatility and uncertainty in early June, the broader structure of the Bitcoin chart still leans bullish—if critical levels such as $102,000 and $97,000 hold. Analysts like Moustache suggest that the current correction could be the final dip before Bitcoin makes a run toward $125,000.

For traders and investors, this presents a key decision point. Monitoring support levels and historical patterns could offer strategic buyback opportunities before the next potential breakout. As summer unfolds, market sentiment, macroeconomic factors, and on-chain activity will all play crucial roles in determining Bitcoin’s trajectory.