Bitcoin (BTC) could be gearing up for an explosive price rally to $175,000 by September, according to prominent analyst Egrag Crypto’s latest cycle analysis. Despite the recent correction from January’s all-time high, technical indicators suggest a major breakout could be imminent as BTC enters a critical accumulation phase.
Understanding Bitcoin’s 231-Day Cycle Pattern
Following Bitcoin’s recent price action, which aligns with reduced buying activity from short-term holders, Egrag Crypto has identified a compelling fractal pattern based on a 33-bar (231-day) cycle. This technical formation has historically preceded significant price rallies in Bitcoin’s market structure.
Key cycle characteristics include:
- Initial correction phase lasting 2-3 months
- Accumulation period near cycle lows
- Explosive breakout phase targeting new highs
- Current cycle projects June breakout potential
Critical Price Levels to Watch
For this bullish scenario to play out, several key technical levels must hold:
| Price Level | Significance |
|---|---|
| $69,500 – $71,500 | Critical support zone |
| $100,000 | Major psychological resistance |
| $175,000 | Projected cycle top target |
The current market structure shows remarkable resilience, particularly in light of recent US tariff announcements that had minimal impact on Bitcoin’s price. This demonstrates Bitcoin’s growing strength as a store of value during economic uncertainty.
Exchange Activity Signals Market Transition
Recent data from crypto expert Ali Martinez reveals declining exchange activity, suggesting a potential trend shift as investors await the next major catalyst. Current market metrics show:
- Trading volume: $43.48 billion (↑26.52%)
- Market inflows: $5.16 billion (24-hour)
- Current BTC price: $83,805
FAQ: Bitcoin’s $175K Price Target
When could Bitcoin reach $175,000?
According to Egrag Crypto’s analysis, Bitcoin could potentially reach $175,000 by September 2025, following a breakout in June.
What could invalidate this bullish scenario?
A price drop below the $69,500-$71,500 support zone could invalidate the bullish setup and potentially signal the end of the current bull run.
How does this align with previous Bitcoin cycles?
The projected move follows Bitcoin’s historical 231-day cycle pattern, which has previously preceded major price rallies.