The famous market analyst GERT Van Lagen supported Bitcoin (BTC) frankly to strike the price of $ 300,000 in the current bull race. Van Lagen’s prediction comes a few days after creating the highest new level ever at 111,970 dollars, indicating a strong rising intention to maintain the current price
Over the past week, Cryptocurrency Premier recorded a 5.35 % modest profit, as US President Donald Trump’s news recommended a 50 % tariff for imports from the European Union (EU) forced a slight decline in price.
Bitcoin possible mitigation projects up to 300 thousand dollars
in X post On May 24, the GERT VAN Lagen prices since the last round in 2021 resulted in the formation of the cup and treatment, indicating that digital assets on the edge of the main price.
For context, the cup and treatment represents a large pattern for continuing upwards indicating a possible escalation. In the case of Bitcoin, the cup is formed between late 2021 and early 2024, when the price movement created a round bottom, reflecting a decrease from a previous height at all about $ 69,000, followed by a period of stability and recovery, and reached its peak back to this main level.
After achieving this previous elevation, the price movement decreased, and the formation of a bottom or side channel known as the handle, which puts the theater to complete the prices. This is well reflected in Bitcoin price movement from early 2024 to Q3 2024.
It is worth noting that Bitcoin has achieved this penetration from the formation of the cup and treatment by crossing the critical market resistance at $ 69,000. Depending on the linear accounts, Gert Van Lagen explains that the leading cryptocurrency is expected to reach a price of a price ranging from $ 120,000-1330,000 dollars-which is now accessible to Bitcoin, taking into account the current market momentum.
However, Van Lagen also notes that the cup and processing style also indicates the goal of the Si price of $ 300,000. Historically, BTC was achieved by such logarithmic goals with 100x gains from 2013-2017, and 21x from 2018-2021.
Moreover, the new institutional weight, especially after the approval of the Instant Bitcoin Investment Funds in 2024 supports this upward view. However, while this institutional participation indicates long -term confidence, it also reflects the maturity of BTC. Now $ 2 trillion assets, it may make the massive Bitcoin volume of equivalent moves frequently, although the fluctuations of the encryption market still leaves the possibility of great rise.
BTC price overview
At the time of writing this report, Bitcoin is trading $ 107,794 after a simple profit of 0.64 % last day. On the monthly graph, the leading cryptocurrency reports of 16.25 % with the continuation of the bull market.
Distinctive image from Istock, tradingvief chart
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