Bitcoin News Today: Bitcoin's $175K Midpoint: Stepping Stone to $400K Peak?

Bitcoin Needs Only A Minor Push To Reach $175K: Analyst

A prominent market analyst has projected that Bitcoin (BTC) could surge to $175,000 with minimal additional momentum, positioning this price level as a midpoint before potentially scaling a $400,000 peak in the current bull cycle. EGRAG Crypto, a noted on-chain analyst, outlined this forecast based on historical 3-month channel formations observed in prior bull markets. His analysis suggests that Bitcoin's price action aligns with patterns seen in earlier cycles, where steady accumulation within rising channels precedes explosive breakouts to record highs .

On-chain data reinforces the bullish narrative. According to Glassnode, over 97% of Bitcoin's circulating supply is currently in profit, a hallmark of advanced bull market phases. This metric, often associated with "euphoria" periods, indicates widespread profitability among holders and suggests a maturing market cycle rather than speculative excess . Smaller and mid-tier investors have been the primary drivers of accumulation, with wallets holding 10–1,000 BTC steadily increasing their balances. Meanwhile, larger whales have taken modest profits, contributing to a more balanced distribution of ownership.

Institutional demand and ETF inflows are further bolstering Bitcoin's upward trajectory. U.S. spot Bitcoin ETFs have seen over $2.2 billion in inflows within a single week, reversing prior redemptions and absorbing supply on exchanges. This trend aligns with historical fourth-quarter patterns, where professional investors often rebalance portfolios toward higher-risk assets like crypto . EGRAG also drew parallels between Bitcoin's rally and gold's recent surge to $4,000 per ounce, attributing both to global liquidity expansion and fiat currency devaluation.

Technical indicators support the potential for a breakout. EGRAG's analysis maps a rising channel with $175K as the lower band, $250K as the mid-channel target, and $400K as the upper limit. While Bitcoin currently trades near $121,000, the analyst emphasized that diminishing percentage returns in each cycle reflect deeper liquidity and sustainable growth rather than weakness. A recent pullback from a $126,000 high has not eroded bullish sentiment, with $117,000 identified as a critical support level where renewed demand could emerge .

However, analysts caution that rising leverage and funding rates pose short-term risks. Futures open interest and annualized funding rates have surged above 8%, signaling increased exposure to leveraged long positions. While realized profits remain controlled compared to prior market tops, elevated leverage could amplify volatility if a correction occurs. Glassnode noted that investors are rotating holdings rather than exiting en masse, a sign of disciplined capital management .

The broader market context remains favorable. Bitcoin's rally has outperformed major stock indices, driven by ETF inflows and renewed on-chain activity. Despite a recent 1.4% dip, the asset's structural strength is underpinned by institutional adoption and deep liquidity. Experts remain optimistic for the remainder of 2025, with some predicting a potential $140,000 target by year-end. However, market participants are advised to monitor key resistance levels and leverage resets as Bitcoin navigates its current price discovery phase .

Source: [1] Bitcoin (BTC) Price Prediction: Bitcoin Set to Go Parabolic in the Next 3 Months with $123k Breakout on Classic Rally Pattern (https://bravenewcoin.com/insights/bitcoin-btc-price-prediction-bitcoin-set-to-go-parabolic-in-the-next-3-months-with-123k-breakout-on-classic-rally-pattern)

[2] Bitcoin's On-Chain Profitability Has Surged With 97% of Supply Now in Profit (https://www.coindesk.com/markets/2025/10/08/bitcoin-s-on-chain-profitability-has-surged-with-97-of-supply-now-in-profit-glassnode)

[3] Bitcoin October 2025 Rally: 97% Holders in Profit, But Risk Looms (https://bitemycoin.com/news/bitcoin-october-rally-97-percent-profit-risk/)