The post Bitcoin Price Prediction: BTC Targets $150K After This Trend Retest appeared on BitcoinEthereumNews.com.

Key Insights: Bitcoin price retested the weekly uptrend and may rally toward $150,000 in the next leg. Whale opened $86M long at 40x leverage with liquidation near $110,000. Analyst Gert van Lagen predicted an inverse head and shoulders pattern to target to $170K. Bitcoin price has once again in the limelight after a retest of a critical trendline offered the prospect of a breakout continuation. The weekly candle pattern has seen a new leg of bullish euphoria with analysts targeting between $150,000 and $170,000. A massive leveraged long in a whale and parabolic chart projections further goes to support another epic BTC price breakout. Bitcoin Price Retests Weekly Trend Line Bitcoin price has again tested its multi-year trendline, a structure that has historically marked the beginning of massive upward moves. Analyst Lourdes Sanchez highlighted this on her most recent update to long-term charts. She noted that BTC price broke out of a prolonged downtrend in early 2023 and gained over 95% afterward. Bitcoin Price Analysis | Source: Lourdes Sanchez, X Notably, the leg in 2024 again started with a retest of the trendline and provided a 171$ upward move, taking it beyond $73,000. In August 2025, Bitcoin price once more bounced from this ascending support line. Sanchez had a short-term target of $123,300, and a long-term forecast was $150,000. This regularity of two actions, a breakout and rally, provided supporting evidence to the idea that a third wave is being formed. Provided there is a weekly candle that is ending above the support, then bullish momentum is technically intact. Whale Opens $86M Long with Liquidation Near $110K On-chain data revealed a long position worth $86 million opened by a whale at 40x leverage. This trader used 752 BTC as collateral, with the liquidation price set at $110,340. The intake was…

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Filed under: News - @ August 6, 2025 3:26 am