The cryptocurrency landscape is experiencing a renewed vigor, with analysts sharply focusing on Bitcoin (BTC). Recent insights from market expert Gert van Lagen have sparked interest as he presents a revised Elliott Wave count analysis that suggests a possible price peak exceeding $300,000. This forecast indicates that the current market cycle remains vigorous, and investors should consider strategic profit-taking measures as they navigate this volatile environment.
New Predictions Suggest Bitcoin Could Reach $395,000
On July 1, Lagen shared an updated analysis via X social media, revealing a unique step-like parabolic pattern. His analysis implies that Bitcoin may be on the cusp of its final bullish cycle phase. The latest projections suggest a target nearing $395,000, which aligns closely with a potential sell zone for traders.
The analysis showcases a classic parabolic curve with four distinct consolidation phases, clearly marked as Base 1 through 4. This structure demonstrates a typical sequence in upward market movement. Lagen’s revised forecast implies a mix of gradual progression and a potential for a rapid price spike, where the concluding phase presents the steepest ascent.
Recent wave counts indicate that Bitcoin has successfully completed Wave 3 beyond $106,000 and finished Wave 4 below $79,000. Currently, Wave 5 is underway, having already formed subwaves i and ii. The imminent movement is anticipated with subwave iii of Wave 5, which Lagen predicts will corroborate itself through a significant breach of Bitcoin’s all-time high.
This projected breakout could lead to a powerful upward trajectory, with Lagen identifying a selling range between $350,000 and $400,000. The parabolic curve is expected to ascend through August 2025, indicating that Bitcoin’s Wave 5 peak may be impending.
Earlier insights from Lagen voiced expectations of Bitcoin breaching $345,000 within a similar timeframe. However, the updated analysis presents an even more ambitious peak, with the step-like structure lending credence to the potential for BTC to triple from its current value of $109,208, positioning $395,000 as a critical profit-taking level.
Concerns from the Community Regarding High BTC Targets
Despite Lagen’s technical backing for such a parabolic advancement, skepticism persists within the crypto community regarding Bitcoin’s prospects of reaching $395,000 swiftly. Some commenters on X express doubts about the chart’s apparent neglect of potential for downside fluctuations, indicating a possible downturn to the mid-$90,000 range due to unaddressed market inefficiencies.
Additionally, macroeconomic and geopolitical factors are considered by some as hindrances. Critics suggest that such influences could constrain the broader cycle’s momentum, making a surge beyond $350,000 within a couple of months seem unlikely. The notion of Bitcoin nearing $400,000 by August 2025 seems excessively optimistic to these observers, raising questions about the validity of aggressive price projections.
