A prominent crypto analyst has outlined a compelling case for Bitcoin’s next major price move, suggesting BTC could surge to $260,000 in this bull cycle. However, traders should closely monitor a critical support level that could derail this ambitious target.
In a detailed analysis shared on March 26, respected crypto analyst Gert van Lagen presented evidence suggesting Bitcoin could reach between $200,000 and $300,000. This forecast aligns with recent institutional accumulation patterns that show whales adding 48 new wallets holding over 100 BTC.
Market Cycle Analysis Points to $260K Target
According to Lagen’s technical analysis, Bitcoin has successfully completed a seven-month re-accumulation phase, potentially setting the stage for a powerful upward movement. The cryptocurrency’s price action has followed a classic market cycle structure, including:
- Initial accumulation phase (late 2022 – early 2023)
- Strong rally and price appreciation
- Seven-month consolidation period (mid-2023 – early 2024)
- Current breakout phase
Price Trajectory and Key Levels
The analyst’s roadmap outlines several critical price targets:
- Initial surge to $240,000
- Brief correction period
- Final rally to $290,000-$300,000
- Distribution phase between $220,000-$260,000
- Potential decline to $148,000-$136,000
Critical Support Level at $73,900
While the outlook appears bullish, Lagen emphasizes that Bitcoin must maintain support above $73,900 to keep this scenario valid. This level, which coincides with the 40-week LSMA, represents a crucial threshold that could determine the cryptocurrency’s trajectory in the coming months.
FAQ Section
What could invalidate the $260K Bitcoin price target?
A weekly close below the 40-week LSMA at $73,900 would invalidate this bullish scenario.
When might Bitcoin reach the projected $260K level?
Based on the current market cycle analysis, this target could be reached during the distribution phase of this bull cycle, likely in late 2025.
What are the key support levels to watch?
The primary support level is $73,900, with secondary support at $148,000-$136,000 after reaching new all-time highs.
Traders should maintain strict risk management practices and consider these projections as potential scenarios rather than guaranteed outcomes. The cryptocurrency market remains highly volatile and subject to various external factors that could impact price movement.