Bitcoin Eyes $170K as EMA Signals Strong Bullish Momentum

Bitcoin’s history of corrections and strong bounces shows the market is resilient and may push prices toward $170K–$190K.

The 21-week EMA acts as a key signal, with past closes above it triggering average gains of 101 percent for traders.

Sideways movement between $115K–$120K shows liquidity building, hinting at a potential breakout and trading opportunities ahead.

As the cryptocurrency gets closer to critical levels, which could indicate a rally, traders are extremely vigilant. Bitcoin has been in a correction phase, as indicated by 21-week EMA on the weekly timeframe. Historically, upward advances are frequently preceded by these corrective phases.

EGRAG Crypto on his X account shows past bounces after closing above the 21 EMA ranged between 68% and 162%, giving an average gain of 101%. Consequently, Bitcoin could reach $170K–$190K if this pattern repeats

Source: Egrag Crypto

Recent Corrections and Market Movements

As per the chart, Bitcoin faced major corrections from 2022 to 2025. Early 2022 saw Bitcoin drop to $12,747 before bouncing to $21,274, a 68% gain. Mid-2023 experienced another correction to $13,000, followed by a 162% surge to nearly $45,500

Moreover, 2024’s correction to $27,000 led to a 74% rebound to over $46,500. The latest correction in early 2025 saw prices dip to $38,000, then surge to $93,730, which is a 101% increase

The patterns shows Bitcoin’s resilience and cyclical nature. Additionally, a CME gap near $91,950 could attract future price movement

Liquidity Zones Signal Sideways Action

According to Daan Crypto Trades on X, Bitcoin has lately moved out of the $115K and $120K liquidity zones. The price is currently leveling off within this similar range, though. In anticipation of the upcoming breakout, traders are accumulating positions on both sides, as indicated by this sideways pattern.

Source: Daan Crypto Trades

As a result, the $115K–$120K range becomes crucial to keep an eye on for transient fluctuations. Additionally, these liquidity levels may have an impact on future price spikes, providing traders with advantageous entry chances.

The consistent pattern of corrections followed by robust recoveries for bitcoin indicates that bullish enthusiasm is still present. Furthermore, past performance suggests that breaking above the 21-week EMA may lead to notable rallies.

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