Bitcoin breaks megaphone wedge structure and points to a new level above $270 thousand

The world’s largest cryptocurrency has surpassed a technical formation that hasn’t been repeated in four years, triggering potentially significant bullish signals in the coming months. According to recent analyses, Bitcoin could reach new levels, with forecasts concentrated in the $270,000 to $300,000 range in 2025.

The megaphone wedge structure explains the expected upward movement

The pattern known as the bullish widening wedge (or megaphone) is characterized by a series of increasingly higher highs combined with progressively lower lows. When the price manages to break through the upper resistance of this formation, technical rules point to subsequent exponential movements.

After the breakout in November, BTC has remained consistently above this crucial resistance line. Market observers identified four support bases that act as levels of orderly accumulation, signaling that Bitcoin is in a controlled price discovery phase:

The first base marked the recovery after the previous cycle’s depression. The second represented a tactical dip that eliminated weak speculative positions. The third phase expanded the price variation, confirming the stair-step pattern with higher highs. The fourth base consolidated the movement before the final breakout, indicating that the momentum was preparing to accelerate.

Elliott waves reinforce projection numbers

Through Elliott Wave Theory, experts mapped the expected trajectory of Bitcoin within this megaphone structure. The analysis positions BTC in the fifth wave — the final and typically most accelerated stage of a primary impulse.

Historically, the fifth wave extends between 1.618x and 2.0x the size of the third wave. Applying these Fibonacci multiples, projections indicate that Bitcoin could reach the $270,000 to $300,000 range by the end of 2025, offering a target based on robust technical fundamentals.

The gold path offers long-term perspective

A comparative approach suggests that Bitcoin follows a trajectory similar to gold in its consolidation as a reserve asset. Using a normalized power law model against gold’s market capitalization, analysts observe that Bitcoin historically does not advance more than five years beyond its long-term trend, revealing considerable room for additional appreciation.

This perspective gains strength with the increasing adoption of Bitcoin by multinational corporations and traditional financial institutions as a store of value. Institutions like Intesa Sanpaolo have already integrated BTC into their portfolios, reflecting emerging institutional confidence. The recent consideration by the U.S. government of a strategic Bitcoin reserve further amplifies this recognition of the asset as a legitimate asset class.

Long-term projections surpass $300 thousand

Beyond the 2025 targets, experts present even more optimistic scenarios for longer timeframes. Estimates suggest that Bitcoin could reach $1.5 million by 2035, based on exponential network growth and historical curves of adoption of disruptive technologies. Executives from major asset managers also converge on similar targets within slightly different horizons.

This context places Bitcoin in an unprecedented position, where the broken widening wedge acts as a technical catalyst for movements that exceed traditional short-term expectations.

This article is for technical analysis purposes only and does not constitute investment advice. Any trading decision involves significant risks and requires independent research.