EGRAG Crypto, a renowned Bitcoin analyst, predicts a substantial price increase for BTC to reach $175,000. This prediction is based on historical market behavior and potential institutional investment inflows. EGRAG’s analysis suggests that Bitcoin’s past price breakouts and capital influx from institutional investors, particularly through Bitcoin ETFs, will be key drivers behind this surge. 21-week EMA is considered a significant catalyst for market rallies. Bitcoin analysts are optimistic about the possibility of reaching $175,000, noting its historical tendency to experience significant price surges. The prediction relies on observed market dynamics and historical trends in Bitcoin’s price movements.