Bitcoin price has shown a bullish pattern that could push it higher towards $150,000 to $170,000. Cryptocurrency analyst Gert van Lagen revealed how this could happen and what will happen next after this price escalate.

Bitcoin price will rise as high as $170,000 after the wave forms

Once the wave is created, the price of Bitcoin is expected to escalate to as much as $170,000. In Post XGert van Lagen revealed that Bitcoin confirmed its fifth wave of rebound in the $150,000 and $180,000 range, reaching a fresh high recently highest level ever (ATH) amount of $109,000. Following this development, the analyst stated that the flagship cryptocurrency is currently expected to reach between $150,000 and $170,000.

As Bitcoin price rises to between $150,000 and $170,000, Gert Van Lagen predicts a pullback of up to $120,000, with claims for a peak. However, the escalate to $170,000 will not mean bicycle mountain there will be another parabolic uptrend for the flagship cryptocurrency as an analyst, which will be the v wave that will end the fifth wave.

Gert van Lagen predicts that the price of Bitcoin will rise to as much as $300,000 in the last phase of this cycle, ending the bull market. The attached chart showed that BTC could reach this target price by April. This is not the first time that an analyst has predicted that the flagship cryptocurrency could rise to as much as $300,000. Earlier it was emphasized by A cup and handle patternwhich means BTC will finally enter this target price.

BTC rally to $158,000 still in play

Cryptocurrency analyst Cryptocurrency titan he also presented a bullish outlook for Bitcoin’s price, stating that a projected rise to a target of $158,000 is still in the works. This target arose when it highlighted the bullish pennant forming on BTC’s monthly time horizon. The analyst noted that Bitcoin could catapult itself to the moon if this bullish pattern holds true.

Meanwhile, in another post on X, Titan of Crypto mentioned that the flagship cryptocurrency has returned to its bullish momentum as it looks “extremely bullish” on the daily chart. This was based on his analysis of the Ichimoku Cloud, where he indicated that the cloud was becoming bullish.

Among these bullish Bitcoin price predictions, a cryptocurrency analyst Justin Bennett warned that the flagship cryptocurrency could fall to as low as $91,000. He noted that Bitcoin pumped in the wake of Trump’s inauguration, so there’s a good chance the rally will fade from here. The analyst added that BTC is range-bound until proven otherwise, and that the January 13 lower wick at $91,000 looks primed for a retest.

At the time of writing, Bitcoin is trading at around $105,402, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from Tradingview.com