Analyst predicts a potential breakout in Bitcoin towards $175,000 based on weekly chart trends.
Bitcoin is currently overextended from the yellow moving average, indicating a potential price consolidation before the next upward move.
Technical analysis suggests Bitcoin may surge to $175,000 if historical fractal patterns repeat, with upside targets at $126,257 and $171,287.
Forecast indicates a peak in Bitcoin price in August or October 2025, aligning with past cycle extensions, but external factors could also influence the market trajectory.