Bitcoin Analyst Sees $175K as Only a ‘Blip’ Before $400K Cycle Peak

Prominent market analyst EGRAG Crypto shared a massively bullish forecast for Bitcoin, suggesting that $175,000 could merely be a “blip” before a much larger move toward a potential $400,000 cycle peak.

His analysis, based on Bitcoin’s historical 3-month channel formations, outlines how each prior bull market has followed a similar pattern, steady accumulation within a rising channel, followed by a powerful breakout toward new highs.

Related: Bitcoin Eyes $250K as Arthur Hayes Links Rally to Trump Fed Takeover

EGRAG Crypto’s Channel-Based Outlook

Currently trading near $121,000, Bitcoin recently pulled back from its all-time high of $126,000. EGRAG’s model maps a rising channel where prior cycles built steady accumulation before explosive breakouts. In his current setup, the lower band points to $175K, the mid-channel target sits near $250K, and the upper limit could stretch toward $400K.

He argues that shrinking percentage returns each cycle are not weakness but maturation, a reflection of deeper liquidity and more sustainable market behavior rather than speculative excess.

$175K Prediction as Gold Hits ATH

The chart shared by EGRAG highlights that even a modest rally within the channel could propel Bitcoin to $175K, a move he considers achievable within this phase of the cycle.

Additionally, EGRAG also pointed out that his previous gold price target of $3,500 has already been surpassed, with gold now trading around $4,000 per ounce.

Market Context: Signs of Euphoria Emerging

Fresh on-chain data from Glassnode shows that over 95 % of Bitcoin’s circulating supply is now in profit, a hallmark of what analysts label the “euphoria phase.”

Historically, these periods trigger short bouts of profit-taking and volatility before the next expansion leg resumes.

Meanwhile, long-time Bitcoin advocate Robert Kiyosaki called the decline of the US dollar “inevitable” and reaffirmed his stance on stacking gold, silver, Bitcoin, and Ethereum as hedges against monetary instability.

Related: ECB Chief Renews Bitcoin Criticism as Euro Slides and DeFi Momentum Grows

FAQs

Q1: What is the significance of the historical 3-month channel in predicting Bitcoin Price ($BTC)?

EGRAG’s chart highlights a recurring 3-month channel pattern across Bitcoin’s prior bull markets.

Each time, BTC consolidates within an upward-sloping band before “blasting” out of it into a parabolic run.

Q2: How does the “diminishing returns” idea relate to the $175K, $250K, and $400K targets?

Diminishing returns mean that each Bitcoin cycle delivers smaller percentage gains as market capitalization grows. However, this doesn’t imply weakness, rather, it points to more sustainable growth.

Within this logic, EGRAG sees $175K as the next rational milestone, $250K as a median target, and $400K as the upper range of the long-term channel.

Q3: Why emphasize $175K as the primary target, and what defines a “Suckers Rally”?

EGRAG views $175K as the most realistic near-term top given the current market momentum and the historical slope of prior channels. However, he warns that rapid rallies could lure in overconfident investors before a corrective phase, the so-called “Suckers Rally,” before Bitcoin potentially resumes toward higher targets.

Q4: Analyst’s earlier Gold price target was $3,500 and is now around $4,000, and how does the gold call strengthen this Bitcoin thesis?

Both gold and Bitcoin reflect distrust in fiat systems. Since gold already hit $4K after his $3.5K projection, EGRAG sees Bitcoin following a similar trajectory as capital continues rotating from traditional assets into hard, deflationary stores of value.