The post Bitcoin Mimics Previous Fractal as Analyst Eyes $175,000 Target appeared on BitcoinEthereumNews.com.

Bitcoin Crypto strategist EGRAG CRYPTO has identified a recurring pattern in Bitcoin’s current market structure that mirrors the price action observed between December 2024 and January 2025. His analysis, based on weekly chart trends, suggests the market may be gearing up for a significant breakout toward the $175,000 level. According to EGRAG, Bitcoin is once again showing signs of being overextended from the yellow moving average (MA), a condition that typically triggers a price consolidation.  This consolidation allows the moving average to “catch up,” forming a base before the next impulsive move. This technical condition is illustrated within a highlighted blue circle on the chart, visually echoing the setup seen at the start of 2025. In both instances, BTC trades in a well-defined range after a strong leg up, indicating the potential for what EGRAG calls the “FINAL LEG UP.” In his projection, if the fractal repeats and momentum aligns with historical behavior, Bitcoin could surge as high as $175,000. The technical chart shows price currently hovering above the 1.272 Fibonacci extension level at $102,105, with upside targets mapped out at the 1.414 level ($126,257) and the 1.618 level ($171,287). This implies a projected breakout from the current consolidation, assuming historical fractal symmetry holds. EGRAG’s forecast points to a peak in August or October 2025, aligning with the observed timing of past Bitcoin cycle extensions. While macroeconomic conditions and broader risk sentiment could influence the trajectory, the chart pattern itself paints a picture of renewed bullish momentum. Traders are advised to monitor consolidation behavior and the yellow MA closely. If BTC maintains structure above key support zones and begins reclaiming recent highs, the fractal confirmation could strengthen, setting the stage for the next parabolic phase. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since…

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Filed under: News - @ May 31, 2025 6:17 am