Chart Predicts Bitcoin Explosion – Could $200K Be Closer Than You Think?

A fresh analysis by EGRAG Crypto suggests that Bitcoin is currently forming one of the strongest bullish structures in years, with price projections reaching as high as $200,000.

88% Average Rally Signals Big Move Ahead

According to EGRAG’s charting model, Bitcoin’s historical “pumps” inside the ascending channel have averaged nearly 88% gains. Previous surges included moves of 64%, 143%, and 58%. If the same pattern repeats, the next upward swing could push BTC into the $175,000–$200,000 range, marking the upper boundary of its long-term bullish channel.

EGRAG highlighted October 6, 2025, as a key date when the structure could fully align, placing Bitcoin on track for its biggest breakout yet. “The channel is looking crystal clear,” EGRAG noted on X, emphasizing that the setup remains highly favorable for bulls.

Current Price Action and Market Indicators

At press time, Bitcoin is trading around $110,250, holding just above a key support level of $104,000. Technical indicators show mixed signals:

RSI (Relative Strength Index) is hovering near 63, suggesting moderate bullish momentum without being overbought. MACD (Moving Average Convergence Divergence) remains positive, though recent crossovers highlight short-term volatility.

Bitcoin has seen choppy price action in recent days, ranging between $107,000 and $112,000, with strong buying pressure preventing deeper corrections.

What It Means for the Market

If Bitcoin successfully maintains its channel structure, the implications for the broader crypto market could be massive. A breakout toward $175K or higher would likely trigger renewed institutional inflows and reignite altcoin momentum heading into 2026.

For now, traders are closely monitoring the $104,000 support level. A breakdown below this range could delay the bullish scenario, while a clean push above $120,000 may confirm the next leg up.

As EGRAG summed up in their post: “You know what that means for the bears. They will be in big trouble.”

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