Analyst: The target for Bitcoin in this bull run is still aimed at $300,000.

Renowned analyst Gert Van Lagen stated that Bitcoin (BTC) will break through the $300,000 mark in the current bull run. This prediction was made shortly after Bitcoin reached a historical high of $111,970, demonstrating strong bullish sentiment in the market.

Last weekend, influenced by Trump's suggestion to impose a 50% tariff on EU imported products, the price of Bitcoin slightly retreated over the weekend, but on Monday, it had stopped falling and rose to $109,000.

Gert Van Lagen pointed out that Bitcoin has formed a cup and handle pattern since the last cycle in 2021, indicating that a significant breakthrough is imminent.

The cup and handle pattern is an important bullish continuation pattern. The Bitcoin cup and handle pattern formed from the end of 2021 to the beginning of 2024, when the price dropped from the historical high of about 69,000 dollars, experienced several years of stability and recovery, and eventually rose back to this key level.

Subsequently, the price retraced to form a "handle", laying the foundation for the breakout. In this round of market movement, Bitcoin has now broken through the cup and handle pattern and surpassed the key resistance level of $69,000.

According to linear calculations, Gert Van Lagen predicts that the price target for Bitcoin will reach $120,000-$130,000. Considering the current market momentum, this prediction is within a reasonable range.

More importantly, the cup and handle pattern also suggests that the BTC price could grow exponentially to $300,000! Historically, BTC has achieved similar astonishing increases, such as a 100-fold rise from 2013 to 2017 and a 21-fold rise from 2018 to 2021.

In addition, after the approval of the spot Bitcoin ETF in 2024, the massive influx of institutional capital further supports the bullish outlook for Bitcoin. While institutional participation demonstrates long-term confidence, it also reflects the maturity of BTC.

Today, Bitcoin is an asset valued at over 2 trillion dollars. Its large market capitalization may reduce the frequency of price fluctuations, but the cryptocurrency market still holds significant upside potential.

Based on Gert Van Lagen's perspective, the long-term bull run trend of Bitcoin remains evident, and the target of 300,000 dollars is not a pipe dream.

Although analysts provide us with some unique perspectives and insights, the market is always filled with uncertainty. Investors should view it rationally and not follow the crowd blindly.

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