Mr. Amin

06/08 10:29

Here’s the Timeline an Expert Believes Bitcoin Wil

Here’s the Timeline an Expert Believes Bitcoin Will Reach $175,000

rally to $175,000, a 66% increase from the current price of $105,308.

For context, an accompanying chart shows that Bitcoin has been in a corrective phase since its December peak of $108,353. Despite its January rally to $109,588, the asset showed weakness, dumping to its April low.

Essentially, Bitcoin remains within the area Egrag identified as the “corrective” range, and he has highlighted its next course of action. The watcher predicted an ABC correction for BTC, potentially pushing prices below $100,000.

However, he noted it would be a struggle below the price mark with bullish momentum following the dump. From there, the analyst predicts a rally to finally break free from the corrective block and reach either his lower or upper boundary target.

Furthermore, he highlighted another catalyst for his projected rally in a parallel tweet. Egrag identified a possible crossover on the monthly Stochastic Relative Strength Index (RSI), an event with the history of sparking a massive Bitcoin rally.

The market watcher noted that the last two crossovers in the timeframe, seen in 2013 and 2021, were accompanied by a sharp Bitcoin surge and suggested that history may repeat.

Egrag shared that Bitcoin would rally to a price range between $145,000 and $175,000. Remarkably, both are unprecedented prices for the crypto leader, culminating in 37% and 66% growth from the current market price.

Interestingly, he insisted that Bitcoin would reach the upper boundary of his target, specifically setting September as the timeline for the 66% rally. Furthermore, he encouraged profit-taking as the asset would correct extensively in 2026.

Meanwhile, the target aligns with predictions from Robert Kiyosaki, who forecasts that BTC would trend between $175,000 and $350,000 this year, with a particular focus on $200,000. Asset manager VanEck predicts a slightly higher price at $180,000.

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