A recently revised Elliott Wave Count analysis by the market expert Gert van the law has established one Potential price top for bitcoin (BTC) over $ 300,000. The updated price views signal that the current market cycle is far from over, with higher goals now in play and this new harness zone Described for investors who are considering taking profits and striving to leave the market at the top.
Updated forecast sets bitcoin price to $ 395,000
On July 1, the law Posted An updated Elliott Wave Count analysis on X Social Media that reveals a step-like parabolic formation that suggests that bitcoin may enter into the last part of his hausse bike. The analyst diagram predicts that Wave 5 is now potentially focused on a bold market Nearly $ 395,000, which also corresponds to a sales zone.
The diagram describes a parabolic curve for the textbook, characterized by four distinct consolidation phases labeled base 1 to 4, which reflects a classic structure of an step -like movement upwards. The law’s revised forecast suggests the possibility of a gradual but Explosive price movement Where the last step delivers the sharpest rally.
According to the updated weekly wave number, Bitcoin completed its Wave 3 over $ 106,000 and recently completed Wave 4 under $ 79,000. The diagram shows that Wave 5 has now begun and developed with Subwaves I and II that has already been formed. The next major move is expected to come in Subwave III in Wave 5, which the law -states would confirm by a crucial break above Bitcoin current highest time.
This breakout is expected to trigger a strong continuation upwards, with the analyst that draws an estimated sales line between $ 350,000 and $ 400,000 zone. The diagram’s parabolic curve also rises deep into August 2025, which means Final Top in Bitcoin’s Wave 5 expected in the next few weeks.
In his Previous wave count analysisThe law projected that Bitcoin could climb over $ 345,000 within the same time frame. However, the recently updated analysis points to a much higher bicycle top goal, with the analyst’s step-like structure that strongly supports the possibility of BTC tripling its current value of $ 109 208-to position $ 395,000 as a strategic level for profit.
Community throws doubt over ambitious BTC target
In spite of the law’s well -structured technical cases for a parabolic increase in bitcoin, many in Crypto community remains skeptical If the probability that the leading Cryptocurrency will reach $ 395,000 within such a short time frame. Some members argue that the diagram overlooks critical disadvantages, including the possibility of a retracing to the middle of $ 90,000 due to Unexpected gaps and inefficiency in the market structure.
Others point to macroeconomic and geopolitical pressure as limiting factors, believer The wider cycle can run out of steam – which makes a move over $ 350,000 within the next two months unlikely. For critics, the idea seems that Bitcoin will climb to almost $ 400,000 in August 2025 too optimistic and linked from prevailing market dynamics.
Trained Image from Pixabay, charts from tradingview.com
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