Recently revised Elliott wave count analysis Market expert Gert Van Lagen has identified a Potential price peak for Bitcoin (BTC) Over $300,000. The updated price outlook indicates that the current market cycle is over. Sales zone It is outlined for investors looking to make a profit and seek to withdraw from the top market.
Updated forecasts will bring Bitcoin price to $395,000
July 1st, Law Posted Updated Elliott Wave Count Analysis on X Social Media reveals a parabolic layer like a step that suggests that bitcoin may be in it The final leg of the bullish cycle. Analyst chart predicts Wave 5 is potentially targeting bold Market Top Nearly $395,000. This also coincides with the sales zone.
The chart outlines the parabolic curves of textbooks marked with four different integration phases labeled bases 1-4, reflecting the classical structure of step-like upward movement. Although Lagen’s revised forecast suggests a gradual possibility Explosive price movements The final stage will provide the most incisive gathering.
According to the updated weekly wave count, Bitcoin completed Wave 3 above $106,000, and recently concluded Wave 4 below $79,000. The chart shows Wave 5 has begun and is unfolding with subwabs I and II already formed. The next major movement is expected to come in sub-wave III of Wave 5. Bitcoin’s most ever.
This breakout is expected to trigger a strong upward continuity as analysts draw out the predicted sales line between the $350,000 and $400,000 zones. The parabolic curve on the chart will also rise deeply in August 2025. The final peak of the Bitcoin wave 5 It is expected in the coming weeks.
In him Previous Wave Count AnalysisLagen predicted that Bitcoin could exceed $345,000 in the same time frame. However, the newly updated analysis points to a much higher cycle top target, and analyst steps-like structures strongly support the possibility that BTC will triple its current value to $109,208.
Community raises questions about ambitious BTC targets
Despite the well-structured technical case for the parabolic rise of Lagen’s Bitcoin, The crypto community is skeptical On the possibility that major cryptocurrencies could reach $395,000 in such a short time frame. Some members Make a claim That the chart overlooks a significant downside risk. Unexpected gap Inefficient market structure.
Others are macroeconomics Geopolitical pressure As a limiting factor, Trust me The wider cycles may be gone. There will be no movement over $350,000 within the next two months. To critics, the idea that Bitcoin would rise to around $400,000 by August 2025 appears to be overly optimistic and detached from the general market dynamics.
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