Bitcoin to $175K? Analyst Says Moon Mission Is ‘Solid as a Rock!’

Bitcoin (BTC) is holding steady at around $103,000, but the calm could be the eye of the storm.With volatility compressing and the CME gap still looming like a ghost at $91,970, crypto analysts are torn on whether BTC is headed for glory at $175,000 or prepping for a brutal fakeout.The Bull Case: $175K or Bust?Egrag Crypto isn’t mincing words. In a recent X post, the analyst, more well-known for his takes on XRP, proclaimed that Bitcoin going to $175,000 was “Solid as a Rock!” According to him, that price region is BTC’s “cycle top,” referencing historical EMA breakouts and a 10X extension from 2017’s $20,000 peak.The crypto trader pointed out that, in the past, Bitcoin pumped hard whenever it closed above the 21-week EMA. His breakdown: Pump 1, 60%; pump 2, 170%; pump 3, 75%. That’s an average jump of 101%, which Egrag applied directly to the market’s post-April 21 momentum to reach the $175,000 price level. “Men lie, women lie, numbers don’t,” he quipped.However, not everyone is dancing. Investor Daan Crypto Trades is painting a sobering picture of weekend stagnation and low volatility, with BTC locked in a tight $101,000 to $105,000 range. “We won’t see that much action from Bitcoin for now,” he shrugged, citing low liquidity over the weekend and a possible breakout looming.The Bearish WrinklesStill, an unfilled CME gap between $91,970 and $92,520 feels like the real twist. Some traders believe BTC must revisit this zone before any meaningful climb can happen.“From the current price, BTC would need to drop around 12% to close this gap,” Egrag Crypto wrote. However, he predicted there was more likelihood of a rally through the $130,000 to $140,000 Fibonacci levels before a 33% correction, followed by a final push to his fabled $175,000.At the time of this writing, BTC was still 4.9% below itsall-time highset in January. Its latest price represents a slight 0.4% dip in the last seven days, but it has still outperformed the broader crypto market’s 1.6% drop in the same period.The next move is critical: will the flagship crypto blast off to $175,000 as the permabulls promise, or will the CME gap drag it down first?