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   <h3 id="what-to-know">What to Know</h3>
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       <li>Crypto analyst EGRAG predicts Bitcoin could enter another 500-day bullish phase if its 44-week moving average holds as support.</li>
       <li>Bitcoin faces resistance at $85,313 and $106,692 before potentially reaching EGRAG’s ambitious Fibonacci targets of $174,332 and $204,479 respectively.</li>
       <li>A weekly candle closing below $73,500 could invalidate the bullish outlook, exposing Bitcoin to further declines toward lower support levels.</li>
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  <p>Bitcoin could rally toward $204,479 as crypto analyst EGRAG Crypto identifies $73,500 as a critical support level for the cryptocurrency. <a href="https://x.com/egragcrypto/status/2118654347332501623" rel="noopener noreferrer nofollow">According to EGRAG Crypto</a>, Bitcoin’s historical performance around its 44-week moving average suggests another major bullish expansion could emerge.</p>
  <p>The analyst’s November 6 assessment outlines a potential 500-day bullish period if Bitcoin successfully defends this important technical indicator.<a href="https://36crypto.com/crypto-prices-today-bitcoin-crashes-below-76000-xrp-drops-8-7-as-altcoins-slide/" rel="noopener noreferrer nofollow"> Bitcoin traded near $76,166</a> on the chart, placing the cryptocurrency approximately 3.5% above the analyst’s crucial invalidation threshold.</p>
  <p>EGRAG believes the current market structure resembles previous bullish cycles, when Bitcoin repeatedly recovered from its 44-week moving average. During the previous cycle, Bitcoin recorded four successful rebounds before its fifth encounter resulted in a breakdown.</p>
  <p><strong>Also Read: </strong><a href="https://36crypto.com/kalshi-faces-major-court-setback-as-judge-blocks-sports-betting-on-tribal-lands/" rel="noopener noreferrer nofollow">Kalshi Faces Major Court Setback as Judge Blocks Sports Betting on Tribal Lands</a></p>
  <h2 id="bitcoin-s-44-week-moving-average-points-to-174-000-and-204-000-targets">Bitcoin’s 44-Week Moving Average Points to $174,000 and $204,000 Targets</h2>
  <p>EGRAG’s TradingView chart highlights several historical interactions between Bitcoin’s weekly price movements and its 44-week moving average. Previous rebounds during 2023 and 2024 preceded substantial price increases, supporting the analyst’s expectations for another potential recovery.</p>
  <p>Based on these patterns, EGRAG identifies $174,332 at the 1.414 Fibonacci extension as the first major bullish target. The analyst also projects $204,479 at the 1.618 Fibonacci extension, representing approximately 168% upside from the chart’s reference price.</p>
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    <p><a href="https://x.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> – THE 44 WMA: FIRST TOUCH OR THE BEGINNING OF THE END? <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" style="height: 1em; max-height: 1em;"></p>
    <p>What if the NEXT impulsive wave is just beginning, setting the stage for another 500 DAYS of bullish momentum? <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f680.png" alt="🚀" style="height: 1em; max-height: 1em;"></p>
    <p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ca.png" alt="📊" style="height: 1em; max-height: 1em;"> HISTORY DOESN'T REPEAT, BUT IT RHYMES!</p>
    <p>During the previous bull cycle, <a href="https://x.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> respected the… <a href="https://t.co/CcU8kdFF0T" rel="noopener noreferrer nofollow">pic.twitter.com/CcU8kdFF0T</a></p>
    <p>— EGRAG CRYPTO (@egragcrypto) <a href="https://x.com/egragcrypto/status/2118654347332501623?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2026</a></p>
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  <p>Before reaching those targets, <a href="https://36crypto.com/bitcoin-reclaims-80000-as-crypto-market-rallies-but-shiba-inu-shib-struggles/" rel="noopener noreferrer nofollow">Bitcoin</a> must overcome several resistance levels identified in the technical assessment. These include $85,313 and $106,692, corresponding to the 0.5 and 0.786 Fibonacci retracement levels. Additionally, the chart identifies $126,124 as another significant resistance level before Bitcoin could approach the projected targets.</p>
  <h2 id="bitcoin-faces-critical-weekly-close-as-73-500-support-comes-under-pressure">Bitcoin Faces Critical Weekly Close as $73,500 Support Comes Under Pressure</h2>
  <p>EGRAG identifies $73,500 as the decisive threshold separating the bullish outlook from a potentially weaker market structure. A full-bodied weekly candle closing below this level would seriously undermine expectations for another sustained rally.</p>
  <p>The chart also identifies additional downside levels near $69,402 and $57,708 if selling pressure increases. Meanwhile, Bitcoin’s current weekly candle remains incomplete, leaving the moving-average test unresolved.</p>
  <p>The analyst maintains that defending this historical support could establish conditions for another extended bullish phase. Bitcoin’s weekly closing performance will ultimately determine whether EGRAG’s projected recovery toward $204,479 remains technically viable.</p>
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<div><strong><strong>Also Read: </strong></strong><a href="https://36crypto.com/kalshi-faces-major-court-setback-as-judge-blocks-sports-betting-on-tribal-lands/" rel="noopener noreferrer nofollow">Kalshi Faces Major Court Setback as Judge Blocks Sports Betting on Tribal Lands</a>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/bitcoin-price-could-rally-to-204000-as-analyst-reveals-critical-73500-support/">Bitcoin Price Could Rally to $204,000 as Analyst Reveals Critical $73,500 Support</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.</p>

Bitcoin Price Could Rally to $204,000 as Analyst Reveals Critical $73,500 Support

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