Analysts are closely watching Bitcoin, as its moving averages paint a picture of robust price action. Key takeaways include: 50-day and 200-day moving averages show widening divergence, suggesting a bullish trend in the medium term. This aligns with market data and expert analysis, which points to prices exceeding $105,000. Traders are optimistic about Bitcoin’s future, predicting significant price movements in coming months. Veteran trader Peter Brandt has emphasized the importance of maintaining these levels for further gains. He predicts a potential surge to $125,000 to $150,000 before August or September 2025 if Bitcoin reclaims its parabolic trendline. However, failure to do so could trigger a typical 50-60% drawdown, potentially marking the end of the current bullish cycle. Bitcoin’s dominance in the crypto market remains strong, with prices holding above $105,000. Market trends and bullish signals from moving averages indicate potential growth, along with high trading volumes and a $2.1 trillion market value. Analysts like Brandt believe that the bullish setup is positive but caution that momentum indicators like the ROC signal the possibility of short-term volatility. Historical precedents show that divergent momentum can lead to sharp corrections. Overall, Bitcoin’s technical setup points towards a potential mid-term uptrend, but maintaining parabolic trends remains crucial for navigating market corrections and future price movements.