What to Know Bitcoin tests the 66-week moving average as EGRAG CRYPTO says reclaiming it keeps the $150K target firmly in play ahead. Historical market cycles show the 66-week moving average
What to Know
Crypto analyst EGRAG CRYPTO believes Bitcoin’s long-term bullish structure remains intact despite its latest test of the 66-week moving average. According to EGRAG CRYPTO, reclaiming that level could keep the path toward a $150,000 price target open while preserving the current market cycle. The analyst outlined the view in a recent post on X alongside a macro chart comparing Bitcoin’s current setup with previous cycles.
According to EGRAG CRYPTO, temporary price moves below the 66-week moving average should not be viewed as a bearish signal on their own. Instead, the analyst emphasized that a monthly reclaim carries greater weight when determining whether the broader uptrend remains intact. That observation mirrors Bitcoin’s previous market cycles, where the cryptocurrency repeatedly recovered after testing the same indicator before beginning another sustained rally.
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EGRAG CRYPTO explained that the 66-week moving average acted as the cycle bottom during Bitcoin’s first two major bear markets. Although the third cycle briefly closed below the indicator, Bitcoin reclaimed the level and resumed its long-term advance.
Consequently, the analyst believes the current setup still resembles earlier bottoming structures rather than a completed market cycle. Besides the moving average, Bitcoin continues trading within a long-term ascending wedge that has repeatedly supported price during major corrections.
#BTC – The 66W MA Cycle Test
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This monthly chart is all about one macro question:
Is BTC repeating the 66W MA bottoming structure again?
1⃣ Historical Pattern:In previous cycles, the 66W MA acted as the cycle bottom zone.
Cycle 1: 66W MA held
— EGRAG CRYPTO (@egragcrypto) July 7, 2026
The analysis suggests that preserving both technical structures would strengthen the case for another expansion phase. However, sustained monthly closes below the moving average and wedge support would represent a more meaningful warning that the historical pattern may be changing.
According to EGRAG CRYPTO, Bitcoin’s ability to reclaim the 66-week moving average remains the deciding factor for the next stage of the cycle. Holding that level while respecting the long-term wedge would keep the $150,000 target active. The chart also outlines a possible extension toward $300,000 during a later phase of the cycle. However, the analyst presented that level as a longer-term objective rather than an immediate expectation.
Moreover, EGRAG CRYPTO described the current market as a macro decision zone. The analyst argued that Bitcoin has not confirmed the end of its cycle and instead appears to be approaching another potential expansion phase. Future monthly closes around the 66-week moving average are expected to determine whether the historical pattern continues.
Bitcoin remains at a decisive technical level, based on EGRAG CRYPTO’s latest market analysis. A successful reclaim of the 66-week moving average while maintaining the long-term wedge would reinforce the analyst’s bullish outlook and preserve the possibility of a move toward $150,000. Conversely, sustained weakness below those levels would weaken the historical cycle structure that has supported previous recoveries.
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The post Analyst Says Bitcoin’s $150,000 Target Remains in Play if This Key Level Holds appeared first on 36Crypto.
