Bitcoin Price Corrective Phase Updated: Analyst Pinpoints What Is Next

In a recent post on X, well-known crypto analyst Egrag Crypto provided a comprehensive update on Bitcoin’s current price behavior. Referencing a carefully revised chart, Egrag highlighted that Bitcoin (BTC) has been in a corrective phase since February 2025. According to his commentary, the chart presented continues his earlier analyses, which have been updated more than seven times to track Bitcoin’s evolving structure. In his post, Egrag reaffirmed that he originally highlighted the existence of a Chicago Mercantile Exchange (CME) gap, which was critical in signaling that a bounce could be expected. He said His earlier projections indicated that Bitcoin would not immediately break into a parabolic rally but instead would undergo a corrective consolidation phase before further movement. #BTC – Corrective Phase (UPDATE): Since February 2025, I’ve consistently stated that #BTC is in a corrective phase. I’ve updated the chart below more than seven times, with the original chart reflecting my initial analysis. I first mentioned the CME gap and then indicated that a… https://t.co/g9k6pR2Ct7 pic.twitter.com/dCVhUFeHYs — EGRAG CRYPTO (@egragcrypto) April 26, 2025 Projected Dip and Fractal Validation The attached chart outlines Bitcoin’s behavior over an extended period, clearly delineating past bear markets, corrective structures, and periods of significant bounce. Egrag points out that Bitcoin has exhibited a pattern of corrections followed by strong upward momentum, measured historically in spans of approximately 230 to 231 days. In the current phase, Bitcoin follows a similar fractal pattern. According to Egrag’s forecast, if the fractal continues to play out as anticipated, Bitcoin may experience one final dip, potentially reaching a price zone around $75,000. The analyst indicates that the current price levels, near $94,000, leave room for this corrective move before any major breakout occurs. He notes that a closure above $100,000 would invalidate the existing fractal, suggesting that Bitcoin could move sharply higher without undergoing the expected dip. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Target Levels and Critical Support Zones The chart further sets future price targets around $145,000 and $175,000, indicating the potential for a significant rally once the corrective phase concludes. Key support and resistance levels are also marked on the chart, with particular attention given to $69,500 and $71,500 as critical lower support zones and $93,000 as a mid-term key level. Egrag also highlighted an important upcoming date: July 7, 2025. He points out that this date marks the conclusion of a 90-day tariff duration, although he did not elaborate extensively on its direct impact on Bitcoin’s price action. Nevertheless, the mention suggests a potential catalyst aligns with Bitcoin’s projected movements. Final Expectations for the Blow-Off Top In closing, Egrag issued a clear statement of expectation, asserting that a major upward move, commonly referred to in trading as a “blow-off top,” could occur sooner than many might anticipate. He advises followers to prepare accordingly as the corrective phase nears its end. Egrag Crypto’s update remains consistent with his prior analysis while refining short-term expectations. His focus on fractal patterns and historical behavior continues to shape his outlook, providing a structured framework for anticipating Bitcoin’s next significant moves. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin Price Corrective Phase Updated: Analyst Pinpoints What Is Next appeared first on Times Tabloid .

Source: TimesTabloid