{"id":53061,"date":"2025-02-17T06:19:26","date_gmt":"2025-02-17T06:19:26","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53061"},"modified":"2025-02-17T06:27:15","modified_gmt":"2025-02-17T06:27:15","slug":"bitcoin-price-analysis-traders-brace-for-explosive-move","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53061","title":{"rendered":"Bitcoin Price Analysis: Traders Brace for Explosive Move"},"content":{"rendered":"

The price of Bitcoin might have taken a hit in the last couple of days but a widely-followed crypto strategist has suggested that the biggest cryptocurrency by market cap is poised for extraordinary growth.<\/p>\n

Gert van Lagen predicted that BTC could hit an astronomical $300,000 in the coming months, at least according to one classic technical pattern.<\/p>\n

Bitcoin Could Top $270,000-$300,000 In 2025<\/strong><\/h2>\n

Dubbed a broadening formation, the bullish megaphone-shaped pattern appears when the price forms higher peaks and lower lows. Historically, a breakout above the megaphone pattern\u2019s upper boundary sparks a meteoric surge.<\/p>\n

In a recent\u00a0post\u00a0on X, crypto analyst Gert van Lagen noted that BTC had broken above the pattern\u2019s upper trendline and has since been consolidating above it.\u00a0<\/p>\n

In an accompanying chart, Lagen pinpoints Base 1, Base 2, Base 3, and Base 4 \u2014 which represent a step-like accumulation formation that supports a price discovery process before Bitcoin\u2019s explosive rally.\u00a0<\/p>\n

Base 1 marked the end of the bear market at the megaphone\u2019s lower boundary. In Base 2, weak hands were shaken out before the flagship crypto recaptured support. Base 3 is characterized by a price expansion phase that confirms the step structure with higher highs. The last phase marks the final consolidation before the breakout, indicating that price discovery has commenced.<\/p>\n

Lagen also used the Elliott Wave Theory to speculate Bitcoin\u2019s future price trajectory, following consecutive accumulation phases within the megaphone pattern.<\/p>\n

From his analysis, BTC is currently in Wave 5, which is the final and usually most explosive stage of an impulse wave. Notably, Wave 5 typically increases the length of Wave 3 by between 1.618 times and 2.0 times, corresponding with Fibonacci-based price estimates within the $270,000-300,000 range by 2025-end.<\/p>\n

Lagen\u2019s analysis mirrors the increasing optimism among crypto insiders, who predict a massive rise in Bitcoin price in the coming years. Ark Invest CEO Cathie Wood, for example,\u00a0stands by her prediction that BTC will reach $1.5 million by 2030.<\/p>\n

 <\/p>\n

Speaking with Andrew Ross Sorkin at the New York Times DealBook Summit,\u00a0Powell said,\u00a0<\/p>\n

\n

\u201cPeople use Bitcoin as a speculative asset, right?\u00a0 It\u2019s like gold. It\u2019s just like gold only. It\u2019s virtual. It\u2019s digital. People are not using it as a form of payment or as a store of value. It\u2019s highly volatile. It\u2019s not a competitor for the dollar. It\u2019s really a competitor for gold.\u201d<\/p>\n<\/blockquote>\n

Seeing this shift in stance,\u00a0Zhao said,\u00a0<\/p>\n

\n

\u201cThat\u2019s an improvement to the previous narrative. Baby steps\u2026\u201d<\/p>\n<\/blockquote>\n

However, despite Powell\u2019s acknowledgment of Bitcoin\u2019s store-of-value potential, he maintains that BTC cannot rival the U.S. dollar due to its high volatility and limited adoption as a payment method.<\/p>\n

*********************************<\/p>\n

If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n

EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n

Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n

*********************************<\/p>\n

Be the first to get most important HYIP news everyday!
\nSimply Follow EN Facebook<\/strong><\/a>, EN Telegram<\/strong><\/a>, EN Twitter<\/strong><\/a>
\nor Subscribe to EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n

If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin might have taken a hit in the last couple of days but a widely-followed crypto strategist has suggested that the biggest cryptocurrency by market cap is poised for extraordinary growth. Gert … Bitcoin Price Analysis: Traders Brace for Explosive Move<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":28754,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[139,3812,5652,10,159,97],"class_list":["post-53061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bitcoin","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nBitcoin Price Analysis: Traders Brace for Explosive Move - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53061\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Analysis: Traders Brace for Explosive Move - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"The price of Bitcoin might have taken a hit in the last couple of days but a widely-followed crypto strategist has suggested that the biggest cryptocurrency by market cap is poised for extraordinary growth. Gert … Bitcoin Price Analysis: Traders Brace for Explosive MoveRead more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=53061\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-17T06:19:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-17T06:27:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1258\" \/>\n\t<meta property=\"og:image:height\" content=\"839\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=53061\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=53061\",\"name\":\"Bitcoin Price Analysis: Traders Brace for Explosive Move - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=53061#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=53061#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg\",\"datePublished\":\"2025-02-17T06:19:26+00:00\",\"dateModified\":\"2025-02-17T06:27:15+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=53061#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=53061\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=53061#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg\",\"width\":1258,\"height\":839},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=53061#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Analysis: Traders Brace for Explosive Move\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Price Analysis: Traders Brace for Explosive Move - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=53061","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Analysis: Traders Brace for Explosive Move - EmilyNews","og_description":"The price of Bitcoin might have taken a hit in the last couple of days but a widely-followed crypto strategist has suggested that the biggest cryptocurrency by market cap is poised for extraordinary growth. Gert … Bitcoin Price Analysis: Traders Brace for Explosive MoveRead more","og_url":"https:\/\/emilynews.com\/blog\/?p=53061","og_site_name":"EmilyNews","article_published_time":"2025-02-17T06:19:26+00:00","article_modified_time":"2025-02-17T06:27:15+00:00","og_image":[{"width":1258,"height":839,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emilynews","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=53061","url":"https:\/\/emilynews.com\/blog\/?p=53061","name":"Bitcoin Price Analysis: Traders Brace for Explosive Move - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=53061#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=53061#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg","datePublished":"2025-02-17T06:19:26+00:00","dateModified":"2025-02-17T06:27:15+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=53061#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=53061"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=53061#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2022\/06\/bullish-sentiment-returns-to-gold-as-bitcoin-underperforms.jpg","width":1258,"height":839},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=53061#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Analysis: Traders Brace for Explosive Move"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/53061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53061"}],"version-history":[{"count":2,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/53061\/revisions"}],"predecessor-version":[{"id":53065,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/53061\/revisions\/53065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/28754"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}