Second wave of Bitcoin growth: analysts see potential up to $173 000

2026-01-13 08:05:43

Technical analyst EGRAG Crypto has identified signs that Bitcoin is beginning to form a new upward phase rather than approaching a cycle peak. According to current price data, BTC is trading at $91.92K, and this dynamic resembles the market situation in 2019, when after a correction period, a steady recovery began.

Liquidity and Federal Policy Create a Favorable Environment

An important factor for growth has been the change in monetary policy. After the Federal Reserve completed its quantitative tightening program in December 2024, there was an influx of liquidity into the financial sector. The banking system received an additional $13.5 billion, which could support demand for risk assets, including cryptocurrencies.

Growth Pattern Differs from the Previous Cycle

EGRAG points out a key difference in current market behavior. Charts show a forming structure of consecutive higher lows, which is a sign of a continuing trend rather than a cycle completion. Additionally, Bitcoin is breaking out of the multi-year ascending channel, confirming the strength of the current movement.

Target Levels: Conservative and Optimistic Scenarios

Based on technical analysis, EGRAG Crypto forecasts that the nearest target price for Bitcoin could be $173,000. In a more favorable development, if the upward impulse persists, the analyst does not rule out the possibility of reaching $365,000 in the medium term. Such forecasts are based on wave structure and the asset’s historical behavior in similar conditions.

BTC3,53%

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