{"id":111486,"date":"2025-11-08T13:00:46","date_gmt":"2025-11-08T13:00:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=111486"},"modified":"2025-11-08T13:00:46","modified_gmt":"2025-11-08T13:00:46","slug":"bitcoin-may-launch-recovery-to-120000-if-this-condition-holds-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=111486","title":{"rendered":"Bitcoin May Launch Recovery To $120,000 If This Condition Holds \u2013 Details"},"content":{"rendered":"

In the last week, Bitcoin\u2019s correction took another drastic turn as prices retested the psychological $100,000 price zone, triggering heavy waves of liquidation. Although the premier cryptocurrency witnessed some rebound after, the current market price remains 19.02% away from the all-time high at $126,198. In the hope of a sustained recovery, a popular analyst with the X username PlanD has outlined one critical market condition.\n<\/p>\n

Bitcoin 50-Week EMA Holds Bullish Structure \u2013 Analyst<\/h2>\n

In an X post<\/a> on November 7, PlanD shares insightful analysis on Bitcoin\u2019s latest price movement. The prominent market expert notes Bitcoin\u2019s bounce of $100,700 may have confirmed a bottom formation. Although price dips below $100,700 could still occur, PlanD emphasized the importance of watching out for a bullish weekly close above this crucial support level.<\/p>\n

Notably, the importance of the $100,700 price zone comes from its alignment with Bitcoin\u2019s 50-week exponential moving average (EMA). Since 2022, this indicator has acted as a crucial metric, with price crosses often signaling a change in market trends. In the present bull run, Bitcoin has decisively retested the 50-week EMA thrice, each time resulting in a price bounce to higher levels.<\/p>\n

Amid the recent correction, Bitcoin famously hit this support zone again, which PlanD describes as critical to keeping a bullish structure for a possible rebound. As long as market bulls hold the price point above this indicator, the analyst predicts another bullish price action with potential targets between $116,000 \u2013 $120,000 in the short-term.<\/p>\n

Following a steady recovery, PlanD\u2019s further analysis suggests that Bitcoin maintains strong upside potential, with its current momentum aligning with an ascending channel that began in late 2024 and projecting a possible move toward $176,000. In parallel, a broader cup-and-handle formation has been developing since 2023, signaling an even larger long-term target around $340,000, reinforcing the bullish outlook for the asset.\n<\/p>\n

Bitcoin Price Overview<\/h2>\n

At the time of writing, Bitcoin trades at $102,277, reflecting a slight 0.23% loss in the last 24 hours. In tandem, weekly and monthly losses of 6.98% and 16.23% indicate that bearish sentiment remains dominant despite a modest price bounce off $100,000.\u00a0<\/p>\n

Bitcoin\u2019s retest of the $100,000 level proved pivotal in the ongoing correction, triggering several adverse developments. These included<\/a> a drop in the investors\u2019 realized price to below $50,000, and losses among top buyers reaching approximately $0.16 billion per hour.<\/p>\n

All these events, including the subsequent price rebound all underscore the critical psychological importance of the $100,000 zone in the current market structure.<\/p>","protected":false},"excerpt":{"rendered":"

In the last week, Bitcoin\u2019s correction took another drastic turn as prices retested the psychological $100,000 price zone, triggering heavy waves of liquidation. Although the premier cryptocurrency witnessed some rebound after, the current market price remains 19.02% away from the all-time high at $126,198. In the hope of a sustained recovery, a popular analyst with […]<\/p>\n","protected":false},"author":0,"featured_media":111487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-111486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111486"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111486"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/111487"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}