A prominent crypto pundit has outlined a compelling case for the Bitcoin price outlook, predicting a surge to a target as high as $260,000 this bull cycle. However, a critical invalidation level stands in the way of this bullish scenario, threatening Bitcoin’s projected rally if breached. 

On March 26, Gert van Lagen, a well-known crypto analyst on the X social media platform, predicted that the Bitcoin price could hit a bullish target between $200,000 and $300,000. The analyst’s chart suggests that Bitcoin’s price action in the past few years has closely followed a classic market cycle structure, moving through the Accumulation, Redistribution, Re-accumulation, and Distribution phases. 

Bitcoin Price Eyes New ATH Above $260,000

According to Lagen, Bitcoin has successfully broken out of a seven-month re-accumulation phase, signaling the potential start of a powerful uptrend. Between late 2022 and early 2023, the cryptocurrency experienced an accumulation phase in which smart money entered the market at low prices when BTC had bottomed out. This was followed by a strong rally that led to a rapid price appreciation to new highs. 

After consolidating for seven months in mid-2023 – early 2024, Bitcoin formed a range, allowing the market to absorb supply before another price breakout. Notably, this trend continued in 2025, with BTC breaking out of a seven-month re-accumulation phase.

Based on the trajectory of Lagen’s price chart, Bitcoin’s next leg up is a sharp rise to $240,000, followed by a brief correction before rallying to a price peak between $290,000 and $300,000. After hitting this ATH, the analyst predicts that Bitcoin will decline and undergo a period of choppy trading, experiencing price fluctuations between $220,000 and $260,000. 

Interestingly, Bitcoin’s projected rise to an ATH and the following sideways trading are expected to occur during its distribution phase, which is typically characterized by increased sell-offs and market volatility. Once BTC experiences a final surge to $260,000, Lagen predicts a price crash toward $148,000 – $136,000, marking the possible end of the bull rally and the start of the bear market. 

Key Invalidation Level Threatening BTC’s Rally

Lagen’s optimistic price forecast for Bitcoin is being threatened by a key invalidation level, which could halt the cryptocurrency’s potential surge to $200,000 – $300,000. Although Bitcoin’s bullish structure remains intact, the analyst warns that a weekly close below the 40-week LSMA would invalidate its breakout. 

As of writing, the Bitcoin price is consolidating above this key invalidation level at $73,900. As long as it holds above this level, Lagen believes that its bullish trajectory will be sustained. However, a drop below $73,900, which already represents a 15% decline from BTC’s current market price, could postpone the projected surge or cancel it altogether.

Paul Atkins, former SEC Commissioner and President Donald Trump’s nominee to chair the US Securities and Exchange Commission (SEC), appeared before the Senate Banking Committee on March 27, vowing to restore clarity and restraint to the agency’s regulatory agenda.

A key focus of his testimony was the need for coherent rules governing digital assets, which he described as a pressing challenge for both innovation and investor protection.

Atkins criticized aspects of former SEC Chair Gary Gensler’s tenure, highlighting concerns over federal courts overturning rulemaking initiatives, increased staff attrition, and controversial enforcement actions against cryptocurrency firms.

He advocated for a shift towards deregulation, emphasizing the need for clear and effective rules that promote innovation while safeguarding market integrity. He pledged to return the agency to its core mission of protecting investors, promoting efficient markets, and facilitating capital formation.

Concerns over conflicts, crypto past

During the confirmation hearing, Senator Elizabeth Warren sharply questioned Paul Atkins over his connections to the cryptocurrency industry and financial firms.

In a letter submitted ahead of the hearing, Warren questioned whether Atkins could remain impartial given his consulting ties to the industry, particularly his role advising FTX before its collapse.

She also raised concerns about his personal financial disclosures, which show substantial holdings linked to the crypto sector totaling roughly $6 million.

Warren urged Atkins to commit to recusing himself from any future matters involving his former clients and to avoid returning to the financial industry for at least four years after serving. She emphasized that such steps were necessary to restore public trust in the SEC’s independence.

Paul Atkins responded to Senator Warren’s questioning by emphasizing his commitment to ethical standards and full transparency. He assured the committee that, if confirmed, he would divest from all financial holdings that could present a conflict of interest, including crypto-related assets and his consultancy, Patomak Global Partners.

He also stated that he would comply with all federal ethics rules and SEC protocols regarding recusals. While he stopped short of committing to a formal post-service employment ban, Atkins maintained that his decisions would be guided solely by the public interest and the SEC’s statutory mandate — not by prior affiliations.

Atkins positioned his private-sector experience as an asset, arguing that it gave him the insight needed to craft effective regulations without stifling innovation. He rejected the notion that his past work compromised his ability to lead impartially, saying it instead equipped him to understand the real-world impact of the agency’s rules.

He also promised to probe the FTX collapse further and ensure that the SEC looked into the matter thoroughly in response to concerns raised by Senator Chris Van Hollen.

Charting a new course

Looking ahead, Atkins said one of his top priorities would be working with fellow commissioners and lawmakers to craft a regulatory approach to digital assets that is principled, structured, and technology-neutral. He said the current lack of clarity has led to confusion and discouraged innovation.

He argued that with appropriate rules in place, the US could solidify its leadership in financial innovation and attract global investment. Atkins also signaled his opposition to what he described as “overly politicized” rulemaking and called for the SEC to focus on its statutory obligations rather than advancing partisan agendas.

With the SEC at a crossroads, Atkins’ nomination is expected to shape the agency’s direction on issues ranging from crypto markets and ESG disclosure to enforcement priorities and market structure reforms.

The Senate committee will continue its evaluation before voting on whether to advance his nomination. If the committee votes in favor, the nomination proceeds to the full Senate for a confirmation vote. There, a simple majority is needed for final confirmation.

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