Crypto Expert Predicts Bitcoin Surge to $175K–$200K Before Next Major Correction

Popular crypto analyst Egrag Crypto has doubled down on his bullish Bitcoin (BTC) forecast, projecting a potential run to $175,000–$200,000 before the current cycle peaks.

In his latest post on X, Egrag argued that Bitcoin is once again moving within a broadening wedge pattern, a technical structure that has historically preceded major breakouts.

“We’re currently within a broadening wedge, and a breakout is on the horizon – just like the previous three times,” he wrote. Egrag explained that his base target for this cycle is $175,000, though reaching $200,000 “wouldn’t be a problem either.”

Historical Patterns Support the Case

Egrag highlighted that in previous cycles, Bitcoin has recorded average gains of around 95% from descending wedge patterns. This time, however, he’s taking what he calls a “cautious approach,” projecting a 60% increase similar to the one seen in October 2024.

According to his chart analysis, once Bitcoin completes this rally phase, the market could enter a new bear cycle, with the next key accumulation zone likely forming in the $40,000 range. His visual model shows Bitcoin targeting $175K as the 1.618 Fibonacci extension, followed by a post-cycle retracement.

Caution Against “Extended Cycle” Theories

Addressing the ongoing debate among analysts, Egrag dismissed predictions of a longer market cycle extending up to nine more months, as suggested by Raoul Pal of Real Vision. “He’s brilliant at macro trends,” Egrag noted, “but his calls on market tops and bottoms have been unreliable.”

Instead, Egrag maintains that the current expansion phase is nearing maturity, emphasizing that the market’s cyclical behavior remains consistent: a parabolic rise, followed by a steep correction.

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The Broader Picture

Egrag’s analysis aligns with growing trader confidence that Bitcoin could outperform expectations heading into 2026, as ETF inflows, institutional accumulation, and on-chain scarcity create a perfect storm for price discovery.

Still, the analyst reminds followers that euphoria often signals proximity to a top. “Once we reach the final leg of this cycle,” he warned, “the bear market will follow. That’s just how it works.”