Bitcoin Predicted to Rally 71% to $175,000 by September 2025

Generated by AI AgentCoin World
Monday, Jun 23, 2025 11:55 am ET1min read
BTC
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A prominent market analyst has identified a recurring pattern of uptrend on the Bitcoin chart, predicting the next significant movements before a rally to a new all-time high (ATH).

According to the analyst EGRAG Crypto, Bitcoin has maintained a clear pattern of growth this cycle. The pattern involves a corrective phase where Bitcoin drops below its bull market support band (BMSB), followed by a major rally to reclaim and trade above the BMSB, and then a slight correction. This cycle repeats with a first bounce after the initial retest, another consolidation before the second bounce, and then another corrective phase.

EGRAG Crypto highlighted two instances where Bitcoin followed this pattern precisely. In November 2022, Bitcoin fell into a correction, dropping to $15,500 and slipping below the BMSB. It recovered in January 2023, climbing to $28,600. A bounce followed in early March after a weekly doji candle, pushing the price to $31,000. Another doji in mid-June sparked a second bounce to $31,830, before Bitcoin pulled back again into a new correction. Another complete pattern occurred between September 2023 and June 2024 before the current formation.

Currently, Bitcoin is developing in alignment with the pattern, breaking from a corrective phase in late April to bring prices above the BMSB and to its current all-time high of $112,000. Now, Bitcoin is in the first retest phase, which has seen it correct 8.6% from its May peak price. EGRAG Crypto predicts that Bitcoin would retrace further to fill a CME gap at $91,950. Following the 10% correction from the current market price, Bitcoin would rally extensively to a new all-time high between $140,000 and $160,000. Subsequently, BTC would enter the second retest phase before launching to its ultimate target of $175,000 this cycle. From the current price of $102,319, this represents a 71% uptick.

EGRAG Crypto has consistently predicted that Bitcoin will target $175,000, sharing in an earlier analysis that this would happen by September 2025. Meanwhile, targets of $200,000 and $250,000 still exist for the largest cryptocurrency by market cap.