The cryptos market has never been modest in ambitious forecasts, but a new technical analysis has just stricken the enthusiasm of investors. A rare graphic model, nicknamed “Megaphone Pattern”, would have been crossed by Bitcoin, paving the way for increases up to $ 300,000 by 2025. While crypto evolves in a climate of increasing institutional adoption climate And that some experts no longer hesitate to compare it to gold, this forecast triggers as much optimism as skepticism.
A megaping model that feeds the bullish frenzy
The Megaphone Pattern, or Broadening Wedge, is a technical figure which is characterized by a series of higher and lower successive, which forms an expanding cone. According to analyst Gert Van Lagen, Bitcoin would have crossed the upper resistance of this model last November, a strong signal which would indicate a upcoming upward acceleration.
Lagen also applies Elliott's wave theory to refine his projection. According to him, Bitcoin is currently in the 5 wave, often the most parabolic of the bullish cycles. “Thanks to the application of Fibonacci ratios, we obtain an extension between 1.618 and 2.0 times the size of the previous wave, which places the price target between 270,000 and 300,000 dollars by the end of 2025”, explain-Al in a publication on platform X (ex Twitter) on February 15, 2025. The analysis is based on progressive accumulation bases, a structure which would make it possible to establish a solid floor price before the next bullish explosion .
If this purely technical approach appeals to followers of graphic analysis, it also causes questions about its relevance in a market influenced by multiple macroeconomic and geopolitical variables.
Bitcoin and gold: cross trajectories around $ 400,000?
In addition to graphic analysis, some observers compare the evolution of Bitcoin to that of gold, because they rely on a model of normalized capitalization. They suggest that if Bitcoin follows the gold trajectory, its valuation could increase up to $ 400,000 in the medium term.
Institutional adoption strengthens this argument. Major banks like InteSa Sanpaolo are starting to integrate bitcoin into their portfolios, while political figures, like Donald Trump, would consider the creation of BTC strategic reserves. This is a paradigm shift, because bitcoin becomes a reserve asset, like gold in the past.
However, this comparison has its limits. Unlike gold, Bitcoin remains subject to extreme volatility and regulatory uncertainties, especially in the United States and Europe. So the question remains unanswered: can bitcoin really take on the role of long-term refuge value?
This technical analysis and historical comparisons draw up a bullish table for Bitcoin, but the road around 300,000 dollars is still strewn with pitfalls. Institutional adoption may well be the decisive factor of this ascent, provided that the regulation and the macroeconomic context do not curb the dynamics. If the theory of the Megaphone Pattern is exact, the coming months could be crucial to confirm or deny this scenario.
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