Bitcoin’s ongoing cycle continues to be a topic of intense speculation, with price targets ranging from conservative estimates to six-figure highs. According to EGRAG Crypto, a well-known market analyst, Bitcoin (BTC) remains on track to hit $175,000 in this cycle, despite temporary corrective phases. EGRAG has emphasized that technical analysis (TA) should remain straightforward, rather than being overcomplicated by excessive indicators and conflicting projections.
#BTC – This Cycle: $175K
Technical Analysis (TA) is straightforward, yet many #BTC analysts tend to overcomplicate it.
Didn’t I mention back on February 10th that we are in a corrective phase and not bouncing off the Bull Market Support Band? pic.twitter.com/qyRszsTUuI
— EGRAG CRYPTO (@egragcrypto) April 1, 2025
The Current Bitcoin Market Cycle
EGRAG Crypto previously noted in February that Bitcoin was undergoing a corrective phase rather than rebounding from the Bull Market Support Band. This correction was not an indication of weakness but rather a natural consolidation period before further gains. Many analysts misinterpreted this phase, expecting a steep drop, but EGRAG remained firm in his stance that BTC’s trajectory remains bullish.
Bitcoin’s price structure has historically followed predictable market cycles, characterized by:
- Parabolic uptrends leading to new all-time highs.
- Temporary corrections as traders take profits.
- Consolidation phases before the next breakout.
Given this pattern, EGRAG Crypto’s projection of $175K is based on historical cycles, particularly comparing Bitcoin’s past halving-driven rallies and the post-halving acceleration observed in previous bull markets.
Technical Analysis: Bitcoin’s Road to $175K
EGRAG argues that many Bitcoin analysts tend to overcomplicate technical analysis, often incorporating unnecessary indicators or conflicting theories. Instead, a simplified approach—focusing on key trendlines, historical retracements, and psychological price levels—indicates that Bitcoin is following a predictable pattern toward $175K.
Key factors supporting this outlook include:
Bull Market Structure – Bitcoin remains in a long-term uptrend, forming higher highs and higher lows within its cycle.
Post-Halving Momentum – The upcoming Bitcoin halving event is expected to reduce supply issuance, historically triggering parabolic price increases.
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Institutional Inflows – With the success of spot Bitcoin ETFs, large-scale capital continues to pour into BTC, increasing demand pressure.
Market Sentiment and FOMO – As BTC approaches new all-time highs, fear of missing out (FOMO) is likely to drive further price appreciation.
Breaking Past Resistance Levels
For Bitcoin to achieve $175K, it will need to break through critical resistance zones along the way. Based on historical data and Fibonacci extensions, key levels to watch include:
$100K – A major psychological milestone that could trigger short-term profit-taking.
$125K- $135K – Potential mid-cycle consolidation before the final leg higher.
$175K Target – If momentum sustains, Bitcoin could reach this six-figure milestone before the cycle concludes.
Bitcoin’s Cycle Remains Intact
EGRAG Crypto’s analysis highlights that Bitcoin’s price action remains structured and bullish, despite periodic corrections. His $175K target aligns with historical cycles, post-halving trends, and growing institutional adoption. While volatility is expected, the overall macro trend remains bullish, reinforcing the idea that Bitcoin’s best days in this cycle are yet to come.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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