Bitcoin Price Pattern Suggests 210% Surge to $350,000

Bitcoin, the world's leading cryptocurrency, is currently in the spotlight as analysts predict a significant price surge. According to recent observations, Bitcoin's price pattern has been following a step-like trajectory, which is now entering its final stage. This pattern suggests that the cryptocurrency could potentially reach a staggering $350,000 per coin.

The step-like pattern is characterized by periods of consolidation followed by sharp upward movements. This pattern has been consistent throughout Bitcoin's price history, with each step representing a new all-time high. As the pattern enters its final stage, analysts are optimistic that Bitcoin will continue to climb, potentially reaching the $350,000 mark.

According to market analyst Gert van Lagen, Bitcoin has followed a parabolic step-like formation since 2022. This pattern is known for producing rapid upside after the final consolidation base. The chart identifies three key accumulation phases—Base 1 in early 2023, Base 2 mid-year, and Base 3 ending in early 2024. Following the “X” mark at the end of Base 3, the structure transitions into a vertical trajectory, characteristic of exponential breakouts.

The revised Elliott Wave count shows blue wave 3 ending near $110,000 and blue wave 4 bottoming at around $75,000. Current structure indicates that wave 5 has begun, with subwaves i and ii already confirmed. The confirmation for the start of wave iii of 5 depends on a weekly breakout above the previous all-time high. If price closes decisively beyond this level, it could initiate the next impulsive leg upward. The chart places the “SELL LINE” target near $350,000, marking the projected peak of wave 5(5).

This setup mirrors historic Bitcoin parabolic cycles, where explosive moves follow lengthy base formations. While subwaves are forming, a break above ATH would provide the strongest technical signal for continued strength. The step-like parabolic curve displayed on the chart aligns with previous bull cycles that produced rapid exponential growth. The final wave is typically the steepest, driven by strong momentum and reduced supply.

With wave 4 completed and early movement in wave 5 underway, the market appears to be preparing for renewed acceleration. The projected path targets a new peak around $350K, conditional on breakout confirmation. This pattern-driven analysis suggests a potential price expansion phase is nearing if technical levels are breached.

The prediction is based on the historical performance of Bitcoin and the current market conditions. The cryptocurrency has shown resilience in the face of market volatility and regulatory challenges, and its limited supply has made it an attractive investment option for many. As more institutional investors enter the market, the demand for Bitcoin is expected to increase, driving up its price.

However, it is important to note that the cryptocurrency market is highly volatile and unpredictable. While the step-like pattern suggests a potential price surge, there is no guarantee that Bitcoin will reach the $350,000 mark. Investors should exercise caution and conduct thorough research before making any investment decisions.