Analyst sets date when Bitcoin will hit $175,000
If Bitcoin (BTC) holds current support levels, the asset could be on track to set a new record high of $175,000 before the end of the year, as per historical technical trends. In this line, a move to $175,000 would represent a nearly 50% rally from the press-time value of $116,529. Bitcoin seven-day price chart. Source: Finbold Regarding the price outlook, according to market analyst TradingShot , this target is supported by Bitcoin completing a bullish cross on its weekly Stochastic Relative Strength Index (RSI), a signal that has historically marked the start of strong upward moves in the ongoing bull cycle. In a September 16 TradingView post, the analyst highlighted that every occurrence of this signal since November 2022 has triggered significant rallies, ranging from 65% to over 100%. Bitcoin price analysis chart. Source: TradingView The most recent instance in April 2025 led to a 65.9% surge, the weakest advance of the cycle. Even if Bitcoin mat...