A recently revised Elliott Wave count analysis by market expert Gert van Lagen has pinpointed a potential price peak for Bitcoin (BTC) above $300,000. The updated price outlook signals that the current market cycle is far from over, with higher targets now in play and this new sell zone outlined for investors considering taking profits and aiming to exit the market at the top.
Updated Forecast Puts Bitcoin Price At $395,000
On July 1, Lagen posted an updated Elliott Wave count analysis on X social media, revealing a step-like parabolic formation that suggests that Bitcoin could be entering the final leg of its bullish cycle. The analyst chart predicts that Wave 5 is now potentially targeting a bold market top near $395,000, which also aligns with a sell zone.
The chart outlines a textbook parabolic curve, marked by four distinct consolidation phases labeled Base 1 through 4, reflecting a classic structure of a step-like upward move. Lagen’s revised forecast suggests the possibility of a gradual but explosive price movement where the final stage delivers the sharpest rally.
According to the updated weekly wave count, Bitcoin completed its Wave 3 above $106,000 and recently concluded Wave 4 below $79,000. The chart shows that Wave 5 has now begun and is unfolding with subwaves i and ii already formed. The next major move is expected to come in subwave iii of Wave 5, which Lagen states would confirm itself through a decisive break above Bitcoin’s current all-time high.
This breakout is expected to trigger a strong continuation upward, with the analyst drawing a projected sell line between the $350,000 and $400,000 zone. The chart’s parabolic curve also rises deeply into August 2025, meaning the final peak of Bitcoin’s Wave 5 is anticipated in the next few weeks.
In his earlier wave count analysis, Lagen projected that Bitcoin could climb above $345,000 within the same timeframe. However, the newly updated analysis points to a much higher cycle top target, with the analyst’s step-like structure strongly supporting the possibility of BTC tripling its current value of $109,208—positioning $395,000 as a strategic level for profit taking.
Community Casts Doubts Over Ambitious BTC Target
Despite Lagen’s well-structured technical case for a parabolic rise in Bitcoin, many in the crypto community remain skeptical about the likelihood of the leading cryptocurrency reaching $395,000 in such a short timeframe. Some members argue that the chart overlooks critical downside risks, including the possibility of a retracement toward the mid-$90,000 range due to unfilled gaps and market structure inefficiencies.
Others point to macroeconomic and geopolitical pressures as limiting factors, believing the broader cycle may be running out of steam — making a move above $350,000 within the next two months unlikely. For critics, the idea that Bitcoin will climb to nearly $400,000 by August 2025 appears overly optimistic and disconnected from prevailing market dynamics.
Featured image from Pixabay, chart from Tradingview.com
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