GERT Van Lagen, a popular market analyst, boldly sponsored $ 300,000 in the current bull run. Van Lagen’s predictions have been a few days since the new highs for $ 111,970, and the strong intention to maintain the current price increase.
Over the past week, Premier Cryptocurrency recommended 50%of the European Union’s imports, and the US President Donald Trump’s US President News forced a 5.35%reasonable price.
The Bitcoin available index growth project has reached $ 300 million.
In the X Post on May 24, Gert Van Lagen has been formed by the BTC price since the last cycle of 2021, and it suggests that digital assets are rising.
For contexts, cups and handles represent a major optimistic continuous pattern that indicates potential upward wavelengths. In the case of Bitcoin, the cup between late 2021 and early 2024 made a rounded floor, and returned to its core level, reflecting the decrease in the maximum of $ 69,000 and stabilizing and recovery.
After achieving this high -prior score, the price movement backed back and formed a downward or sideways, which was known as a handle, to set the price breakdown stage. This is well reflected in Bitcoin’s price measures from early 2024 from the third quarter of 2024.
Bitcoin, in particular, has since achieved this breakout in the formation of cups and handles beyond the important market resistance of $ 69,000. GERT VAN LAGEN is expected to achieve a price target of $ 120,000- $ 130,000 based on linear calculations.
However, Van Lagen also points to an exponentially price goal of $ 300,000 with a cup and handle pattern. Historically, BTC achieved this log goal with 100 times from 2013-2017 and 21 times from 2018-2021.
Moreover, we will support this optimistic outlook with the weight of new institutional capital, especially in 2024, with the approval of SPOT BITCOIN ETF. However, this institutional participation shows long -term trust, but also reflects the maturity of BTC. Even if the cryptocurrency volatility still leaves a significant increase in the cryptocurrency, Bitcoin’s shaved size can make the strict size of Bitcoin, an asset of $ 2 trillion, is less frequent.
BTC price outline
At the time of writing, Bitcoin is traded at $ 107,794 with a profit of 0.64%last day. On the monthly chart, Pryptocurrency reports a 16.25%increase as the bull market continues.
Istock’s main image, TradingView chart
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