Bitcoin’s Path to $175K Revealed: Expert Spots Unmissable CME Gap Signal

Bitcoin's chart is flashing a rare bullish signal—one that could send prices rocketing to $175,000 sooner than anyone expects.

The missing piece? A critical CME gap that BTC always fills before major rallies. And according to top analysts, this time won't be different.

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Historical patterns don't lie. Every time Bitcoin leaves a CME futures gap unfilled, it eventually circles back to close it—often with explosive upside afterward. The last time this happened? Right before the 2021 bull run.

The $175K Catalyst

Once BTC fills this gap (as it always does), the runway clears for a potential 3x surge. Institutional money's already positioning—CME's Bitcoin open interest just hit record highs while Wall Street pretends to 'discover' crypto again.

Timing? Unclear. Outcome? Inevitable. The only question is whether traditional finance will still be explaining 'what is Bitcoin' when it happens.

Bitcoin Analysis | EGRAG Crypto For instance, Bitcoin fell into a correction in November 2022, dropping to $15,500 and slipping below the BMSB, a signal based on the 20-week SMA and 21-week EMA. It recovered in January 2023, climbing to $28,600. A bounce followed in early March after a weekly doji candle, pushing the price to $31,000. Another doji in mid-June sparked a second bounce to $31,830, before Bitcoin pulled back again into a new correction. Meanwhile, another complete pattern occurred between September 2023 and June 2024 before the current formation. What's Next for Bitcoin as Pattern Forms EGRAG’s chart shows that Bitcoin is currently developing in alignment with the pattern, breaking from a corrective phase in late April to bring prices above the BMSB and to its current all-time high of $112,000. Now, Bitcoin is in the first retest phase, which has seen it correct 8.6% from its May peak price. From here, the analyst predicts that Bitcoin would retrace further to fill a CME gap at $91,950. Following the 10% correction from the current market price, Bitcoin would rally extensively to a new all-time high between $140,000 and $160,000. Subsequently, BTC would enter the second retest phase before launching to its ultimate target of $175,000 this cycle. From the current price of $102,319, this represents a 71% uptick. Remarkably, EGRAG has persisted in his expectation that Bitcoin will target $175,000, sharing in an earlier analysis that this would happen by September 2025. Meanwhile, targets of $200,000 and $250,000 still exist for the largest cryptocurrency by market cap.