Bitcoin Poised for $175K Breakout: Just One Catalyst Away, Analyst Claims

Bitcoin teeters on the edge of a massive price explosion—one small push could send it rocketing to $175,000 according to market experts.

The Sleeping Giant

Despite hovering near all-time highs, Bitcoin's underlying ecosystem reveals surprising investor behavior. A staggering 77% of holders ignore the burgeoning BTCFi sector—leaving billions in potential value untapped.

Market analysts watch for the trigger that could unleash this pent-up potential. They point to institutional adoption, regulatory clarity, or even a single major corporate treasury allocation as potential catalysts.

Meanwhile, traditional finance veterans scoff—apparently preferring their 0.5% savings accounts and the comforting stability of constantly depreciating fiat currencies.

Historic Channel Breakouts

Egrag’s view is based on a three-month look at price channels that, he argues, have preceded major rallies. Based on reports, similar channel breakouts were visible before the 2013 surge to about $1,163, the 2017 rise past $19,000, and the 2020–2021 rally that pushed prices above $69,000.

He says the current channel began forming in April 2022, and that a modest “blip” upward could push Bitcoin to $175,000. That target would require roughly a nearly 43% rise from $122,620. Short-term swings have ranged from $115,000 to $125,000 this week, while the present price sits near $121,900.

#BTC – $175K Is Just a Blip:

If we look at the historical behavior of #BTC on a 3-month time frame, we can see a clear channel formation. In the past three cycles, we’ve consistently seen a breakout at the end of these channels. While diminishing returns are evident, they are… pic.twitter.com/TabFoVlXBT

— EGRAG crypto (@egragcrypto) October 8, 2025

Targets And Risks To Watch

Egrag outlined a range of possible outcomes. He placed $175,000 as his primary target. He also suggested a midpoint NEAR $250,000 and an upper scenario around $400,000. Those are ambitious numbers. They are presented as part of a longer-term view rather than promises of an immediate move.

The analyst compared his bitcoin call to a past gold forecast—he set a $3,500 target for gold that later saw prices near $4,000—using that as a reference for his forecasting approach.

At the same time, on-chain data offer a mixed picture. Blockchain analytics firm Glassnode reported that 97% of Bitcoin’s supply is now in profit following the recent rally.

That high level of realized profit suggests many holders sit above their purchase price. Some analysts interpret elevated profit as a sign that markets may pause so investors can take gains.

Others point to crowded positions and rising leverage as signs that short-term volatility could increase. Reports have disclosed concern about what some call a “Suckers Rally,” a spike that tempts late buyers and is followed by a drop.

Accumulation has been visible in many wallets. Some investors reallocated gains rather than selling out entirely, which, according to reports, can indicate a controlled rotation of capital rather than a panic sell-off.

Featured image from Pixabay, chart from TradingView