Bitcoin to $175K? Expert Says It’s Rock Solid

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Bitcoin analyst Egrag predicts $175K top, citing 21-week EMA breakouts and historical pump patterns as supporting evidence.

Bitcoin (BTC) is holding steady at around $103,000, but the calm could be the eye of the storm.

With volatility compressing and the CME gap still looming like a ghost at $91,970, crypto analysts are torn on whether BTC is headed for glory at $175,000 or prepping for a brutal fakeout.

The Bull Case: $175K or Bust?

Egrag Crypto isn’t mincing words. In a recent X post, the analyst, more well-known for his takes on XRP, proclaimed that Bitcoin going to $175,000 was “Solid as a Rock!” According to him, that price region is BTC’s “cycle top,” referencing historical EMA breakouts and a 10X extension from 2017’s $20,000 peak.

The crypto trader pointed out that, in the past, Bitcoin pumped hard whenever it closed above the 21-week EMA. His breakdown: Pump 1, 60%; pump 2, 170%; pump 3, 75%. That’s an average jump of 101%, which Egrag applied directly to the market’s post-April 21 momentum to reach the $175,000 price level. “Men lie, women lie, numbers don’t,” he quipped.

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