Bitcoin may be approaching its last major rally phase before a macro top, according to market analyst EGRAG Crypto, who shared a long-term Fibonacci pattern suggesting that historical cycles are once again playing out.
EGRAG’s chart identifies repeating Fib 2 → Fib 1.618 moves across multiple Bitcoin cycles, each marking a powerful final leg before sharp corrections. “Patterns always repeat, just disguised by minor fluctuations,” the analyst noted, adding that the current structure mirrors previous pre-euphoria stages seen before past cycle peaks.
The green-circled area on the chart highlights Bitcoin’s potential “final leg up,” which could propel prices toward the $170K–$250K range if Fibonacci extensions unfold as in prior cycles.
Interestingly, the analysis also references gold’s range between $3,400–$3,100, suggesting that a dip in gold could coincide with a surge in Bitcoin and other risk assets. However, EGRAG warns that a euphoric rally often precedes severe market reversals, cautioning that “as euphoria peaks, the Gates of Hell may open.”
The takeaway: while momentum points to a final explosive run, retail investors must stay alert, as history shows that parabolic tops often end abruptly, before the real downturn begins.
