{"id":652020,"date":"2024-11-07T13:00:03","date_gmt":"2024-11-07T13:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=652020"},"modified":"2024-11-07T11:10:49","modified_gmt":"2024-11-07T11:10:49","slug":"final-ascent-for-bitcoin-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/final-ascent-for-bitcoin-price\/","title":{"rendered":"Analyst Predicts &#8216;The Final Ascent&#8217; For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price has now <\/span><a href=\"https:\/\/wncen.com\/breaking-news-ticker\/record-breaking-bitcoin-surge-post-trump-election-futures-market-hints-at-more-to-come\/\"><span style=\"font-weight: 400\">returned into a full bullish sentiment <\/span><\/a><span style=\"font-weight: 400\">now that the crypto fear and greed index has flipped into greed. This shift reflects growing <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-acquisition-continues-semler-scientific-increases-holdings-to-1058-btc\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">confidence among investors<\/span><\/a><span style=\"font-weight: 400\"> as optimism takes hold in the cryptocurrency market. For many investors, this renewed positive outlook serves as a<\/span><a href=\"https:\/\/wncen.com\/bitcoin-news\/analyst-reveals-bitcoin-chopsolidation-phase-nears-end\/\"><span style=\"font-weight: 400\"> strong foundation for more gains<\/span><\/a><span style=\"font-weight: 400\"> in the Bitcoin price.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to a crypto analyst, Bitcoin is ripe for a final ascent to the $300,000 price level. Interestingly, this outlook is not just based on the current bullish sentiment, but the analyst is going off of technical analysis of the current Bitcoin price action.<\/span><\/p>\n<h2>Final Ascent For Bitcoin Price<\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst Gert van Lagen took to social media platform X to share an intriguing outlook concerning Bitcoin and its price action this year in light of the recent US presidential elections and its effect of its price. Speaking of an intriguing outlook for the Bitcoin price, analyst van Lagen highlighted that Bitcoin is still on track to reach $250,000 this year.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-burn-rate-3674\/\">Shiba Inu Burn Rate Ignites 3,674% On Election Day, Will SHIB Move With Dogecoin Price To New ATH?<\/a><\/div>\n<p><span style=\"font-weight: 400\">His outlook came through a funny poem and a play of words on the Bitcoin price action from August, <\/span><a href=\"https:\/\/x.com\/GertvanLagen\/status\/62217700\" rel=\"nofollow\"><span style=\"font-weight: 400\">which he titled<\/span><\/a><span style=\"font-weight: 400\"> &#8220;#Bitcoin &#8211; The Final Ascent.&#8221; The analyst also shared a BTC price chart with technical analysis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Central to van Lagen\u2019s analysis is a detailed look at the cup and handle pattern that has been developing in Bitcoin&#8217;s price chart since the 2022 bear market. According to his analysis, the \u2018cup\u2019 portion of this pattern began forming in early 2022 and eventually concluded with Bitcoin\u2019s surge past its previous 2021 all-time high in March 2024. The subsequent consolidation phase, which lasted until October, represents the \u2018handle\u2019 segment of the pattern.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With recent inflows driving Bitcoin to fresh all-time highs, the price has now broken out from the neck of long-standing cup and handle formation, marking the beginning of what van Lagen dubs \u2018the final ascent.\u2019\u00a0<\/span><\/p>\n<figure id=\"attachment_652035\" aria-describedby=\"caption-attachment-652035\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-652035\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-.png?w=460&#038;resize=460%2C298\" alt=\"Bitcoin price\" width=\"460\" height=\"298\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-652035\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2>What\u2019s Next For Bitcoin?<\/h2>\n<p><span style=\"font-weight: 400\">The cup and handle pattern is often<\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/economist-blow-off-top-bitcoin-123000-trump-win\/\"><span style=\"font-weight: 400\"> seen as a bullish continuation signal<\/span><\/a><span style=\"font-weight: 400\">. Breakouts from this pattern often indicate that the asset is about to experience a massive upward movement.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-bottom-100\/\">Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again?<\/a><\/div>\n<p><span style=\"font-weight: 400\">In the case of the Bitcoin price and its breakout from the cup and handle pattern, Gert van Lagen highlighted a surge to the $300,000 price level. Notably, this outlook is also based on the prediction of a recession in the next six months.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&#8220;A warning sign we can\u2019t abide.\u00a0 <\/span><span style=\"font-weight: 400\">For history shows in months but six, <\/span><span style=\"font-weight: 400\">Recession strikes\u2014the clock now ticks,&#8221; he said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In terms of a projected timeline, van Lagen expects the Bitcoin price to reach $250,000 and subsequently $300,000 latest by February 25.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Bitcoin is trading at $74,845. A surge towards $250,000 and $300,000 will represent 235% and 300% increase, respectively, from the current price level.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/N6JRQdzw\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">BTC price shooting for $75,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin price has now returned into a full bullish sentiment now that the crypto fear and greed index has flipped into greed. This shift reflects growing confidence among investors as optimism takes hold in the cryptocurrency market. For many investors, this renewed positive outlook serves as a strong foundation for more gains in the Bitcoin price. According to a crypto analyst, Bitcoin is ripe for a final ascent to the $300,000 price level. Interestingly, this outlook is not just based on the current bullish sentiment, but the analyst is going off of technical analysis of the current Bitcoin price action. Final Ascent For Bitcoin Price Crypto analyst Gert van Lagen took to social media platform X to share an intriguing outlook concerning Bitcoin and its price action this year in light of the recent US presidential elections and its effect of its price. Speaking of an intriguing outlook for the Bitcoin price, analyst van Lagen highlighted that Bitcoin is still on track to reach $250,000 this year.\u00a0 Related Reading: Shiba Inu Burn Rate Ignites 3,674% On Election Day, Will SHIB Move With Dogecoin Price To New ATH? His outlook came through a funny poem and a play of words on the Bitcoin price action from August, which he titled &#8220;#Bitcoin &#8211; The Final Ascent.&#8221; The analyst also shared a BTC price chart with technical analysis.\u00a0 Central to van Lagen\u2019s analysis is a detailed look at the cup and handle pattern that has been developing in Bitcoin&#8217;s price chart since the 2022 bear market. According to his analysis, the \u2018cup\u2019 portion of this pattern began forming in early 2022 and eventually concluded with Bitcoin\u2019s surge past its previous 2021 all-time high in March 2024. The subsequent consolidation phase, which lasted until October, represents the \u2018handle\u2019 segment of the pattern. With recent inflows driving Bitcoin to fresh all-time highs, the price has now broken out from the neck of long-standing cup and handle formation, marking the beginning of what van Lagen dubs \u2018the final ascent.\u2019\u00a0 What\u2019s Next For Bitcoin? The cup and handle pattern is often seen as a bullish continuation signal. Breakouts from this pattern often indicate that the asset is about to experience a massive upward movement. Related Reading: Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again? In the case of the Bitcoin price and its breakout from the cup and handle pattern, Gert van Lagen highlighted a surge to the $300,000 price level. Notably, this outlook is also based on the prediction of a recession in the next six months. &#8220;A warning sign we can\u2019t abide.\u00a0 For history shows in months but six, Recession strikes\u2014the clock now ticks,&#8221; he said. In terms of a projected timeline, van Lagen expects the Bitcoin price to reach $250,000 and subsequently $300,000 latest by February 25.\u00a0 At the time of writing, Bitcoin is trading at $74,845. A surge towards $250,000 and $300,000 will represent 235% and 300% increase, respectively, from the current price level. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":649579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-652020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Analyst Predicts &#039;The Final Ascent&#039; For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here<\/title>\n<meta name=\"description\" content=\"The Bitcoin price has now returned into a full bullish sentiment now that the crypto fear and greed index has flipped into greed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin\/final-ascent-for-bitcoin-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Predicts &#039;The Final Ascent&#039; 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