Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above $300,000
Revised Elliott Wave Analysis Predicts Bitcoin Peak Above $395,000
Summary: A newly updated Elliott Wave count by market analyst Gert van Lagen suggests Bitcoin (BTC) could surge above $395,000 before this bullish cycle concludes, significantly raising the potential price top from prior forecasts. The analysis outlines a step-like parabolic pattern and identifies a sell zone between $350,000 and $400,000, implying investors may have further upside before considering profit-taking.
Updated Forecast Puts Bitcoin Price at $395,000
On July 1, technical analyst Gert van Lagen released an updated Elliott Wave count via social platform X, illustrating a parabolic step-formation that points to a possible final leg in Bitcoin’s ongoing bull market. The chart indicates that Bitcoin has completed Wave 3 above $106,000 and finished Wave 4 below $79,000, with Wave 5 now underway.
According to the analysis, Bitcoin’s Wave 5 is already forming with subwaves i and ii completed. An impending breakout in subwave iii could be confirmed by BTC surpassing its previous all-time high, potentially triggering an accelerated upward rally. The projected path positions the cycle’s peak around $395,000—a price seen as a key target and ideal sell zone.
Lagen’s model features four consolidation bases forming a textbook parabolic curve, which supports a gradual but explosive price climb. His prior estimates forecasted a top at $345,000, but the updated structure now suggests the rally could extend into the $395,000 range, with the final peak potentially arriving by August 2025.
Community Casts Doubts Over Ambitious BTC Target
Despite the bullish outlook, skeptics within the crypto community remain unconvinced. Critics argue that the analysis does not adequately account for potential risks such as retracements to the $90,000 range due to unfilled gaps and technical inefficiencies.
Others cite macroeconomic and geopolitical factors, asserting that these pressures could constrain upside potential and slow momentum. Some traders believe the overall cycle may be losing strength, making a move toward $395,000 over the next several weeks appear overambitious, especially as market sentiment remains mixed and caution prevails.
