#BTC Bitcoin (BTC) is steadily holding around $103,000, but this calm may be the prelude to a storm. With volatility compressing, the CME gap still hovers like a ghost at $91,970, and crypto analysts are torn over whether BTC will see the glory of $175,000 or prepare for a brutal false breakout. Bullish case: $175K or bankruptcy? Egrag Crypto is not beating around the bush. In a recent post on X, this analyst, known for his views on XRP, declared that Bitcoin rising to $175,000 is "as solid as a rock!" According to him, this price range is the "cycle top" for BTC, referencing historical EMA breakouts and a 10x extension of the 2017 peak of $20,000. This crypto trader noted that in the past, whenever Bitcoin closed above the 21-week exponential moving average.
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#BTC Bitcoin (BTC) is steadily holding around $103,000, but this calm may be the prelude to a storm. With volatility compressing, the CME gap still hovers like a ghost at $91,970, and crypto analysts are torn over whether BTC will see the glory of $175,000 or prepare for a brutal false breakout. Bullish case: $175K or bankruptcy? Egrag Crypto is not beating around the bush. In a recent post on X, this analyst, known for his views on XRP, declared that Bitcoin rising to $175,000 is "as solid as a rock!" According to him, this price range is the "cycle top" for BTC, referencing historical EMA breakouts and a 10x extension of the 2017 peak of $20,000. This crypto trader noted that in the past, whenever Bitcoin closed above the 21-week exponential moving average.