Bitcoin Could Rally to $173K if This Pattern Plays Out: Analyst
Crypto analyst EGRAG CRYPTO posted on X on Wednesday that Bitcoin (BTC) is forming an Adam and Eve double bottom on its weekly chart, a pattern that is not yet confirmed but could open the door to $173,000 if it plays out.
The setup hinges on a decisive weekly close above $83,000, followed by a retest that holds that level as new support.
The Setup the Analyst Is Watching
According to EGRAG, the double bottom is forming inside the $51,000 to $67,000 support band, with an aggressive V-shaped low forming the Adam side and a slower, rounded base forming the Eve side. The neckline sits at $83,000.
Getting there, per EGRAG’s roadmap, means holding the current bottom, reclaiming $68,000, then breaking and retesting $83,000 before the move can extend toward $103,000, then $120,000 to $126,000, and finally $173,000.
“$83K is the gateway,” wrote the analyst. “Break it, hold it, and the Adam & Eve structure can trigger the next major expansion.”
However, he did warn that a weekly close below approximately $51,000 would invalidate the whole setup.
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