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A recently updated Elliott Wave count assessment by market analyst Gert van Lagen has identified a prospective price peak for Bitcoin (BTC) exceeding $300,000. The revised price forecast indicates that the current market phase is far from concluded, with elevated targets now in consideration and this new selling zone specified for investors contemplating profit-taking and exiting the market at its zenith.
Revised Prediction Places Bitcoin Price At $395,000
On July 1, Lagen shared a refreshed Elliott Wave count analysis on X social platform, unveiling a step-wise parabolic pattern suggesting that Bitcoin might be on the verge of entering the concluding phase of its bullish trend. The analyst’s chart anticipates that Wave 5 is now possibly targeting an audacious market peak close to $395,000, which also coincides with a selling zone.
The chart depicts a classic parabolic shape, characterized by four distinct consolidation intervals designated Base 1 through 4, demonstrating a traditional framework of a step-like upward trajectory. Lagen’s revised forecast indicates the potential for a gradual but dramatic price shift where the concluding stage offers the most pronounced surge.
Based on the updated weekly wave count, Bitcoin completed its Wave 3 above $106,000 and has recently finalized Wave 4 below $79,000. The chart illustrates that Wave 5 has commenced and is unfolding with subwaves i and ii already established. The anticipated next significant move is expected in subwave iii of Wave 5, which Lagen notes would validate itself through a decisive break above Bitcoin’s current all-time record.
This breakout is projected to initiate a robust upward continuation, with the analyst mapping a potential selling line between the $350,000 and $400,000 area. The parabola on the chart also extends significantly into August 2025, indicating that the final apex of Bitcoin’s Wave 5 is expected within the upcoming weeks.
In his prior wave count analysis, Lagen estimated that Bitcoin might surge beyond $345,000 within the same period. However, this newly revised assessment points to a significantly higher cycle peak target, with the analyst’s step-like configuration strongly supporting the potential for BTC to triple its current value of $109,208—positioning $395,000 as a key threshold for profit-taking.
Community Raises Concerns Regarding Ambitious BTC Target
Notwithstanding Lagen’s well-articulated technical argument for a parabolic rise in Bitcoin, many within the cryptocurrency community still express doubts about the feasibility of the leading cryptocurrency reaching $395,000 in such a brief timeframe. Some individuals contend that the chart neglects significant downside threats, including the potential for a retreat toward the mid-$90,000 range due to unfilled gaps and market structure imperfections.
Others highlight macroeconomic and geopolitical challenges as constraining variables, asserting that the broader cycle may be nearing its limit—making a rise above $350,000 within the forthcoming two months improbable. For detractors, the notion that Bitcoin will ascend to nearly $400,000 by August 2025 seems excessively optimistic and out of sync with current market realities.
Featured image from Pixabay, chart from Tradingview.com
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