Market expert Gert van Lagen's revised Elliott Wave count analysis indicates a potential Bitcoin price peak above $300,000, with a sell zone outlined for investors looking to exit at the top.
The updated forecast suggests a bold market top near $395,000, signaling a step-like parabolic formation that may lead Bitcoin into the final leg of its bullish cycle.
Bitcoin's current wave count points to the beginning of Wave 5, with subwaves i and ii already formed, and subwave iii expected to confirm itself with a break above the current all-time high, leading to a sharp continuation upward.
While some are skeptical about Bitcoin's potential to reach $395,000 as projected by Lagen, citing downside risks and macroeconomic factors, the analyst's analysis supports the idea of a significant price increase in the coming weeks.