- Bitcoin maintains its bull structure, with analyst EGRAG CRYPTO projecting one final upward move toward $150,000–$175,000 before the cycle peaks.
- The analyst compared Bitcoin’s cycle to gold, noting heavy retail buying and suggesting gold’s rally is largely driven by a short squeeze.
- EGRAG CRYPTO outlined his strategy to accumulate Bitcoin near $30,000 in the next macro cycle before rotating into promising mid-cap altcoins.
Bitcoin continues to maintain its bullish structure, with analyst EGRAG CRYPTO projecting one more rally in this cycle before a broader market downturn.
BTC Bull Structure Remains Intact
EGRAG CRYPTO outlined that Bitcoin has been following a repeating pattern since its December 2022 bottom. This sequence involves an initial pump, a retest of the Bull Market Support Band, a rebound, a corrective dip, and then a fresh high. He noted that this recurring movement continues to define the current cycle.
The analyst indicated that the larger bull market structure would not collapse so long as the level of 103,000 is not broken. According to his analysis, there remains an opportunity to see one more positive move in Bitcoin before the cycle reaches its peak. That move, he projected, could push prices into the $150,000 to $175,000 range.
According to his commentary, the market counts shown in his chart were not based on Elliott Wave theory. Instead, the structure was a simplified representation of the progression through this bull market, meant to illustrate how Bitcoin’s rhythm continues to unfold.
Comparing Bitcoin’s Cycle to Gold
In his update, EGRAG CRYPTO also compared Bitcoin’s cycle to the current behavior of gold. He reminded followers that gold had a technical target of $3,500, yet few traders believe it could decline meaningfully from current levels.
He pointed out that widespread discussion from both bullish and bearish voices often marks the later stages of a cycle. Reinforcing his observation, he shared insights from gold shop owners who reported heavy buying activity. This behavior, he suggested, signals a possible “suckers rally” driven by retail enthusiasm.
The analyst noted that the recent upswing in gold has been driven by a short squeeze that could leave latecomers exposed. He asserted the creation of a peace deal between Russia and Ukraine could impact gold and lead to a collapse in the range of a decline of $600 to $1,000 over the next 18 months.
Strategy and Market Cycles Ahead
Looking ahead, EGRAG CRYPTO shared his investment strategy. He plans to accumulate Bitcoin near $30,000 during the next macro cycle reset. From there, his focus will shift toward rotating into mid-cap altcoins to capture potential upside once Bitcoin stabilizes.
He explained that markets go through the same sequence of growth and correction that you see in nature. Understanding that cycle enables investors to remain focused on investing for the long term without being distracted by volatility over the short term.
This cyclical perspective was linked to the bigger concept of renewal that, according to the analyst, every cycle is a new opportunity.. Just as life moves through phases, he noted, markets also repeat their journey, offering chances to learn and adjust strategies with each turn.
