Analyst Gert van Lagen has released an updated Elliott Wave analysis predicting a massive Bitcoin price surge. His new forecast suggests Bitcoin could hit a staggering $395,000, making now a potential time to consider taking profits.
A Parabolic Rise to $395,000?
Lagen’s analysis shows a “step-like parabolic” formation, suggesting Bitcoin is in the final stages of a bullish cycle. This pattern, characterized by four consolidation phases (Base 1-4), points to a sharp, explosive price increase culminating in a peak near $395,000. This price target aligns with a suggested sell zone. He believes the final leg of this move (Wave 5) will be the steepest.
According to the updated chart, Bitcoin has already completed Waves 3 and 4, with Wave 5 underway. Subwaves i and ii are already formed, and the next major move (subwave iii) is expected to break Bitcoin’s all-time high. This breakout will likely trigger a strong upward continuation, leading to the projected sell zone between $350,000 and $400,000. The parabolic curve extends into August 2025, implying the peak of Wave 5 is just weeks away.
This new prediction is significantly higher than Lagen’s previous forecast of $345,000, suggesting Bitcoin could potentially triple its current value.
Skepticism and Counterarguments
While Lagen presents a compelling technical argument, many in the crypto community remain unconvinced. Some critics point to potential downside risks, such as a retracement to the mid-$90,000 range due to market inefficiencies.
Others highlight macroeconomic and geopolitical factors that could hinder Bitcoin’s ascent, suggesting a move above $350,000 in the next two months is unlikely. The idea of Bitcoin reaching nearly $400,000 by August 2025 seems overly optimistic to many, detached from current market realities.
