Renowned Analyst Sees $173,000 Bitcoin Target Ahead

Ygrep Crypto identifies an Adam and Eve double bottom on Bitcoin's weekly chart. If confirmed, BTC could target $173,000 — but a weekly close below $51K would invalidate the bullish case.

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Top crypto analyst spots bullish double bottom on BTC weekly chart

Ygrep Crypto, a well-known market analyst, believes Bitcoin (BTC) is forming an Adam and Eve double bottom on the weekly chart. If this technical pattern completes and gains confirmation, the analyst projects a bullish surge that could push BTC toward a lofty $173,000 target.

Key levels and confirmation conditions

According to Ygrep Crypto, the rally to $173K depends on a sequence of confirmations: holding current support lows, reclaiming the $68,000 level, and then breaking and closing above the $83,000 resistance zone. These milestones would validate the double bottom breakout and increase bullish momentum across the crypto market.

Risk factors and invalidation

The analyst also issues a clear risk warning: a weekly candlestick close below $51,000 would invalidate this bullish scenario and shift the outlook toward bearish pressure. Traders should monitor weekly candle closes, volume, and resistance flips when trading BTC.

This analysis highlights how classic chart patterns like the Adam and Eve double bottom can inform Bitcoin price predictions. As always, investors should combine technical signals with risk management and not rely solely on single forecasts.

Zoya Akhtar

"I’m Zoya, and crypto is my playground. I dive deep into blockchain trends, DeFi, and how digital assets shape our future economy."