Bitcoin ( BTC ) has broken out of a four-year bullish megaphone pattern, which may propel its price to new record highs in the coming months, according to market analyst Gert van Lagen .
BTC is eyeing $270,000-300,000 price target in 2025
The bullish megaphone pattern, also known as a broadening wedge, forms when the price creates a series of higher highs and lower lows. As a technical rule, a breakout above the pattern’s upper boundary may trigger a parabolic rise.
In November, Bitcoin broke above the pattern’s upper trendline and has since consolidated above it.
Lagen’s chart highlights Base 1, Base 2, Base 3, and Base 4, a step-like accumulation structure that supports an orderly price discovery process before Bitcoin’s parabolic ascent.
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Base 1: Marked the end of the bear market at the megaphone’s lower boundary.
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Base 2: A bear trap that shook out weak hands before BTC reclaimed support.
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Base 3: A price expansion phase confirming the step formation with higher highs.
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Base 4: The final consolidation before breakout, signaling that price discovery is well underway.
Parabolic curve step-like formation illustration. Source: Gert van Lagen
Meanwhile, Lagen has leveraged Elliott Wave Theory to project Bitcoin’s breakout targets, mapping its price trajectory following successive accumulation phases within the megaphone pattern.
His analysis suggests BTC is now in Wave (5)—the final and often most parabolic phase of an impulse wave. As a rule, Wave (5) tends to extend 1.618x–2.0x the length of Wave (3), aligning with Fibonacci-based price targets inside the $270,000-300,000 range by 2025.
Bitcoin’s “gold path” supports $300,000+ prediction
Analyst apsk32 compared Bitcoin’s trajectory to gold’s historic rise, suggesting BTC could follow a similar path to as high as $400,000.
Using a power law model normalized against gold’s market cap, the analyst noted that Bitcoin has never moved more than five years ahead of its trendline, indicating further upside potential.
