A crypto analyst, Gert van Lagen, is predicting a huge Bitcoin price jump – possibly as high as $260,000! But before you start celebrating, there’s a crucial level that could derail the whole thing.
The $260,000 Prediction
Lagen’s prediction is based on his analysis of Bitcoin’s price history. He sees Bitcoin going through different market phases: accumulation, redistribution, re-accumulation, and distribution. He believes Bitcoin just broke out of a seven-month re-accumulation phase, suggesting a big price increase is on the horizon.
His chart shows Bitcoin potentially spiking to around $240,000, then correcting slightly before another rally to between $290,000 and $300,000. This peak would be followed by some sideways trading between $220,000 and $260,000 before a final surge to $260,000 and a subsequent crash.
The Big “If”: The Invalidation Level
The big problem? A key invalidation level. If Bitcoin closes a week below its 40-week long-term simple moving average (LSMA), Lagen’s entire bullish prediction falls apart.
Right now, Bitcoin is trading above this crucial level (around $73,900). As long as it stays above it, the rally might happen. But a drop below – which is already a 15% drop from the current price – could mean the predicted surge is delayed or even canceled entirely. So, while the potential for a huge Bitcoin price increase is exciting, it all hinges on staying above that $73,900 level.
