. Bitcoin price It shows robust stubborn signals, because the infrequent opposite head and shoulders have just crashed and tested the neckline. This technical configuration suggests that Bitcoin may soon be prepared for a mega rally up to $ 300,000.

The analyst forecasts the reversal of bitcoin prices

On Monday, the cryptographic analyst Gert Van Lagen took to X (previously Twitter) forecast Bitcoin prices up to USD 300,000. The analyst presented a detailed price table showing Creating the opposite of the head and shoulder patternPresenting the left shoulder, head, right arm and neckline.

Based on his analysis on X LaGen, he emphasizes that Bitcoin successfully broke over the neckline of this technical pattern, confirming possible stubborn reversal. In particular, the opposite pattern of the head and shoulders is a classic technical indicator that signals the transition from the bear to stubborn trends. The left arm of the pattern emphasizes price drop and then a ephemeral recovery. The head suggests a deep drop, marking the lowest trend point. The right shoulder indicates a smaller decrease and then breaking over the neckline.

Bitcoin broke the pattern neckline around 86,972 USD. LaGen pointed out that a successful repetition of this neckline can be solidified Liquid Bitcoin movement. This is due to the fact that historically after confirming this pattern of cryptocurrencies, they tend to observe a significant momentum.

Based on the measured reverse movement of the head and arm, LaGen provides it Bitcoin is on the right track to reach $ 300,000 this bull cycle. This would cause a huge boost of 258.4% compared to the current market price. The analyst also emphasizes the sales line from $ 340,000 to USD 380; Here, traders will probably come out or arouse profits.

The support of this stubborn perspective is a parabolic formation similar to the step on the Bitcoin price chart. LaGen revealed that this is followed by a series of formations from the 1 to 4 base before the explosion rally launched. Currently, Bitcoin has completed base 3 and introduces the last parabolic phase. This technical formation is consistent with Wave Elliott theory It suggests that Forceful wave 5 It can cause a significant price boost.

While the analyst is sure of his Bitcoin price forecast worth USD 300,000, he warns that it can be Completely annulled If BTC drops below $ 72,900 in weekly time frames. In addition, the break below this threshold can signal Deeper price correction And delay the rally.

Update BTC price analysis

While analysts remain sanguine about the future Bitcoin prospects, cryptocurrencies Bear experiences rush. In just 24 hours, Bitcoin has lost virtually all accumulated prices since the announcement of President Donald Trump Cryptographic reserve plans.

The cryptocurrency was sold above USD 92,000 the previous day. However, Bitcoin has fallen 9.18% in the last 24 hours and as much as 16% in the last month, according to Coinmarketcap. This stern drop in prices reduced the value of bitcoins to USD 83,699 according to writing.

A distinguished picture from Adobe, chart from TradingView.com