In-Depth Analysis: Bitcoin’s Potential to Soar Beyond $300,000
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Bitcoin’s Projected Price Surge: A Closer Look at $395,000
Renowned market analyst Gert van Lagen has recently updated his Elliott Wave count analysis, suggesting Bitcoin (BTC) could reach an astonishing peak above $300,000. His latest projections imply that the ongoing market cycle may still have a long way to go, with higher targets now emerging. This updated analysis provides a strategic sell zone for investors aiming to optimize profits and plan their market exit at the optimal point.
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On July 1, Lagen shared his revised Elliott Wave count analysis on social media platform X, unveiling a step-like parabolic pattern. This formation hints that Bitcoin may be entering the final phase of its bullish cycle. According to Lagen’s chart, Wave 5 could potentially target a significant market top near $395,000, aligning with a designated sell zone.
The chart showcases a textbook parabolic curve, characterized by four distinct consolidation phases labeled Base 1 through 4, epitomizing a classic structure of a step-like upward trajectory. Lagen’s updated forecast indicates the potential for a gradual yet explosive price surge, where the final stage delivers the most significant rally.
Based on the revised weekly wave count, Bitcoin completed its Wave 3 above $106,000 and recently concluded Wave 4 below $79,000. The chart suggests that Wave 5 is now underway, with subwaves i and ii already formed. The next major movement is anticipated in subwave iii of Wave 5, which Lagen asserts will confirm itself via a decisive break above Bitcoin’s current all-time high.
This anticipated breakout is expected to ignite a robust upward continuation, with Lagen projecting a sell line between the $350,000 and $400,000 range. The chart’s parabolic curve extends into August 2025, suggesting the final peak of Bitcoin’s Wave 5 is expected in the coming weeks.
In his previous wave count analysis, Lagen predicted Bitcoin could surpass $345,000 within a similar timeframe. However, the updated analysis now indicates a much higher cycle top target. Lagen’s step-like structure supports the possibility of BTC tripling its current value of $109,208, positioning $395,000 as a strategic level for profit-taking.
Community Skepticism Over Bitcoin’s Ambitious Price Target
Despite Lagen’s meticulously structured technical case for a parabolic rise in Bitcoin, skepticism abounds within the crypto community regarding the likelihood of Bitcoin reaching $395,000 in such a short period. Some community members argue that the chart fails to account for critical downside risks, including potential retracements towards the mid-$90,000 range due to unfilled gaps and market structural inefficiencies.
Others highlight macroeconomic and geopolitical pressures as potential limiting factors, suggesting the broader cycle may be losing momentum, making a move above $350,000 within the next two months seem improbable. For critics, the notion of Bitcoin climbing to nearly $400,000 by August 2025 appears overly optimistic and disconnected from prevailing market dynamics.
Bitcoin trading at $109,977 on the daily chart | Source: BTCUSDT on Tradingview.com
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