<ul data-eligibleForWebStory="true"><li>Crypto analyst EGRAG CRYPTO identifies a predictable pattern in Bitcoin's current market cycle.</li><li>Analysis indicates a projected cycle top of $175,000 after filling a notable CME gap.</li><li>The pattern revolves around the 'BULL MARKET SUPPORT BAND (BMSB)' and specific price movements.</li><li>Sequence breakdown includes close below BMSB, rapid pump above BMSB, retests, bounces, and corrective phases.</li><li>Recurring sequence described as Corrective → Bounce 1 → Bounce 2 → Corrective.</li><li>Outlook suggests filling CME gap near $91,950, then rallying towards $140,000-$160,000.</li><li>Forecast concludes with final retest and minor bounce, leading Bitcoin to projected Cycle Top at $175,000.</li><li>Detailed analysis provides roadmap for Bitcoin's price action during the current cycle.</li><li>Forecast serves as a speculative outlook based on identified patterns and factors.</li><li>Post originally appeared on Coindoo website.</li><li>Bitcoin: What Happened With The Price in 2024 When Israel and Iran Exchanged Fire?</li></ul>

Crypto Expert Identifies “Clear Pattern” for Bitcoin, Targeting $175,000

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