EGRAG Crypto Claims Bitcoin Entering Phase 2 Uptrend, Compares Market to 2019

TheCryptoBasic

Release Time:12/10/2025 15:36:26

BTC

$92,323.202.23%

**Crypto Market Update: EGRAG Crypto Sees Bitcoin Entering Phase 2 Uptrend, Cites 2019 Parallels** EGRAG Crypto, citing The Crypto Basic, claims Bitcoin is entering phase 2 of a major uptrend, comparing the current crypto market to 2019. The market technician says the price action doesn’t mirror the 2021 bull-cycle top but shows a continuation pattern. EGRAG notes liquidity differences, pointing to the Fed ending quantitative tightening in December 2024, which added $13.5 billion to the banking sector. Technical analysis shows BTC breaking a multi-year ascending channel, forming a higher-low. Price targets include $173,000 and a best-case $365,000 in the coming years.

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