Could Bitcoin Reach $175K? Expert Asserts Potential Surge Is 'Firmly Grounded!'

Bitcoin is currently stable around $103,000, but crypto analysts are divided over its future, pondering if it will soar to $175,000 or experience a harsh downturn. Egrag Crypto, known for his XRP analysis, confidently predicts Bitcoin reaching $175,000, describing it as "Solid as a Rock!"

He bases this on historical EMA breakouts and a 10X extension from 2017's peak, showing Bitcoin significantly inflating whenever it closed above the 21-week EMA. However, investor Daan Crypto Trades foresees weekend stagnation and low volatility. A pending CME gap between $91,970 and $92,520 could be a crucial factor, with some traders insisting Bitcoin will have to revisit this zone before any substantial rise.

Egrag Crypto suggests a rally to the $130,000 to $140,000 levels before a 33% correction, and a final push towards $175,000.