Bitcoin (BTC) has emerged from a four-year bullish megaphone pattern, potentially driving its price to unprecedented heights in the upcoming months, as per market analyst Gert van Lagen.
BTC is targeting a price of $270,000-300,000 by 2025
The bullish megaphone pattern, often referred to as a broadening wedge, forms when prices create a series of higher peaks and lower troughs. According to technical analysis, a breakout above the upper boundary of this pattern may lead to a steep price increase.
BTC/USD weekly price chart. Source: Gert van Lagen
In November, Bitcoin surpassed the upper trendline of the pattern and has been consolidating above it since.
Lagen’s chart outlines Base 1, Base 2, Base 3, and Base 4, a step-like accumulation structure that aids in an organized price discovery process prior to Bitcoin’s parabolic surge.
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Base 1: Signaled the end of the bear market at the lower boundary of the megaphone.
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Base 2: A bear trap that eliminated weak hands before BTC regained support.
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Base 3: A price expansion phase confirming the step formation with higher peaks.
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Base 4: The final consolidation before the breakout, indicating that price discovery is advancing.
Parabolic curve step-like formation illustration. Source: Gert van Lagen
In addition, Lagen has applied Elliott Wave Theory to forecast Bitcoin’s breakout targets, mapping its price movement following successive accumulation phases within the megaphone pattern.
His analysis indicates that BTC is currently in Wave (5)—the final and typically most parabolic phase of an impulse wave. Generally, Wave (5) extends 1.618x–2.0x the length of Wave (3), which aligns with Fibonacci-based price targets between $270,000-300,000 by 2025.
Bitcoin’s “gold path” supports the $300,000+ forecast
Analyst apsk32 has likened Bitcoin’s trajectory to that of gold’s historical ascent, suggesting that BTC could reach as high as $400,000.
Utilizing a power law model normalized against gold’s market cap, the analyst pointed out that Bitcoin has never diverged more than five years from its trendline, indicating substantial upside potential.
Bitcoin’s gold normalized market cap. Source: apsk32
This optimistic outlook is primarily fueled by Bitcoin’s growing adoption as a treasury asset among corporations, mirroring gold’s position as a store of value.
Notably, traditional finance leaders, such as Italy’s Intesa Sanpaolo, have started to incorporate Bitcoin into their asset portfolios, indicating rising institutional trust in BTC as a credible asset class.
Historically, gold has served as a safe-haven asset for governments and institutions, and Bitcoin is being aligned similarly, especially with U.S. President Donald Trump contemplating a strategic Bitcoin reserve.
Related: What will the Bitcoin price be in 2025 and 2045?
Looking ahead, Timothy Peterson anticipates Bitcoin could soar to $1.5 million by 2035, citing network growth and historical adoption curves. Meanwhile, Ark Invest CEO Cathie Wood also predicts BTC will reach the same price target, albeit by 2030.
This article is not intended as investment advice or recommendation. Every investment and trading decision carries risk, and readers should conduct their own research when making choices.
