Close Menu
    Trending
    • Nearly $600M In Open Interest Sparks Rally Talk
    • Ethereum order‑book liquidity has grown 41 % since April
    • Japan’s Kitabo Turns to Bitcoin for Treasury Reserves
    • Hayes Predicts Ethereum $10K, Bitcoin $250K by 2025
    • XRP Is About To Break 8-Year Resistance Against Bitcoin Ahead Of Spot ETF Approval
    • Solana’s tokenized stocks surpass $100M in less than a month, yet DeFi use still lags
    • Bitwise’s 10 Crypto ETF Approved but Stayed in Bizarre Move
    • Why did Joe McCann close his Asymmetric Liquid crypto fund?
    Simon Crypto
    • Home
    • Crypto Market Trends
    • Bitcoin News
    • Crypto Mining
    • Cryptocurrency
    • Blockchain
    • More
      • Altcoins
      • Ethereum
    Simon Crypto
    Home»Cryptocurrency»Bitcoin to $175K? Analyst Says Moon Mission Is ‘Solid as a Rock!’
    Cryptocurrency

    Bitcoin to $175K? Analyst Says Moon Mission Is ‘Solid as a Rock!’

    Team_SimonCryptoBy Team_SimonCryptoMay 17, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin (BTC) is holding regular at round $103,000, however the calm could possibly be the attention of the storm.

    With volatility compressing and the CME hole nonetheless looming like a ghost at $91,970, crypto analysts are torn on whether or not 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 phrases. In a latest X post, the analyst, extra well-known for his takes on XRP, proclaimed that Bitcoin going to $175,000 was “Strong as a Rock!” In line with him, that value area is BTC’s “cycle high,” referencing historic EMA breakouts and a 10X extension from 2017’s $20,000 peak.

    The crypto dealer identified that, up to now, Bitcoin pumped onerous every time it closed above the 21-week EMA. His breakdown: Pump 1, 60%; pump 2, 170%; pump 3, 75%. That’s a median leap of 101%, which Egrag utilized on to the market’s post-April 21 momentum to succeed in the $175,000 value stage. “Males lie, ladies lie, numbers don’t,” he quipped.

    Nonetheless, not everyone seems to be dancing. Investor Daan Crypto Trades is painting a sobering image of weekend stagnation and low volatility, with BTC locked in a decent $101,000 to $105,000 vary. “We gained’t see that a lot motion from Bitcoin for now,” he shrugged, citing low liquidity over the weekend and a attainable breakout looming.

    The Bearish Wrinkles

    Nonetheless, an unfilled CME hole between $91,970 and $92,520 looks like the true twist. Some merchants imagine BTC should revisit this zone earlier than any significant climb can occur.

    “From the present value, BTC would want to drop round 12% to shut this hole,” Egrag Crypto wrote. Nonetheless, he predicted there was extra chance of a rally by way of the $130,000 to $140,000 Fibonacci ranges earlier than a 33% correction, adopted by a last push to his fabled $175,000.

    On the time of this writing, BTC was nonetheless 4.9% beneath its all-time high set in January. Its newest value represents a slight 0.4% dip within the final seven days, nevertheless it has nonetheless outperformed the broader crypto market’s 1.6% drop in the identical interval.

    The subsequent transfer is crucial: will the flagship crypto blast off to $175,000 because the permabulls promise, or will the CME hole drag it down first?

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome provide on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Japan’s Kitabo Turns to Bitcoin for Treasury Reserves

    July 24, 2025

    Bitwise’s 10 Crypto ETF Approved but Stayed in Bizarre Move

    July 23, 2025

    Flare (FLR) Soars 70% This Month — What’s Fueling the Surge?

    July 23, 2025

    Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play?

    July 23, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Top Posts

    SEC Commissioner Hester Peirce Calls for Reforms in Crypto Under Trump’s SEC Leadership

    December 11, 2024

    ad

    About us

    Welcome to SimonCrypto.in, your ultimate destination for everything crypto! Whether you’re a seasoned investor, a blockchain enthusiast, or just beginning your journey into the fascinating world of cryptocurrencies, we’re here to guide you every step of the way.

    At SimonCrypto.in, we are passionate about demystifying the complex world of digital currencies and blockchain technology. Our mission is to provide insightful, accurate, and up-to-date information to empower our readers to make informed decisions in the ever-evolving crypto space.

    Top Insights

    Coinbase reportedly in advanced talks to acquire crypto derivatives exchange Deribit

    March 22, 2025

    SharpLink Loads Up on $180M Worth of ETH in 5 Days

    July 14, 2025

    Bit Digital converts entire 280 BTC reserve to $172M worth of Ethereum

    July 8, 2025
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 SimonCrypto All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.