Bitcoin kicked off 2025 with a bang, hitting new all-time highs in January. But since then, it’s been cooling off. Over the past two months, prices have dipped and stayed pretty flat. Some short-term investors are clearly getting frustrated and heading for the exits.
But not everyone is worried. Market analyst Egrag Crypto believes this pullback might be part of a familiar pattern, and he’s not ruling out a major price rally later this year.
A 231-Day Pattern—History Repeats?
Egrag points to a historical trend where Bitcoin moves through phases every 231 days—around 33 weeks. First, there’s a period of consolidation or correction, followed by a breakout and strong price growth. He says we’re still in that cooling-off stage, but by June, we could start to see upward movement again.
If this plays out like previous cycles, Egrag believes Bitcoin could reach around $175,000 by September. That’s more than double the current price—a gain of over 100%.
But there’s a catch: for this bullish prediction to hold, Bitcoin needs to push past the $100K resistance level. If instead, the price falls below $69,500–$71,500, it might be a signal that the bull market is losing steam.
Not Much Trading Going On—Why?
Meanwhile, some market watchers are noticing a drop in activity. According to Ali Martinez, Bitcoin trading on exchanges has slowed, which usually means investors are hesitant or unsure about where the market is headed.
That said, Bitcoin is showing surprising stability. When the U.S. announced new tariffs on April 2, prices dipped just 4%—not bad, especially compared to previous sharp drops after similar news.
A Glimmer of Optimism
In the last day alone:
- Bitcoin’s trading volume jumped by 26%
- The crypto market saw $5.16 billion in new inflows
That kind of movement suggests there’s still interest behind the scenes, even if things look quiet on the surface.
Looking Back to Look Forward
This wouldn’t be the first time Bitcoin looked sluggish before making a big move. In:
- 2017, BTC took off after months of sideways movement.
- 2020, it climbed from under $10K to $64K in under a year.
- Even in 2021, after a mid-year crash, Bitcoin bounced back to hit a fresh all-time high.
Point is—Bitcoin has a history of shaking out impatient traders before taking off again.
The post Bitcoin Might Be Quiet Now, But One Analyst Thinks It Could Hit $175K by September appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
