Bitcoin “Megaphone Pattern” Forming and It Could Drive BTC to $270,000-$300,000!

Bitcoin has broken out of a four-year bullish megaphone pattern—could this be what finally sends it past $300,000 in the months ahead?

Meanwhile, PlutoChain ($PLUTO) could grab some significant attention with its hybrid Layer-2 solution for Bitcoin. It might combine Bitcoin’s security with Ethereum compatibility and deliver faster transactions, lower fees, and expanded functionality.

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Let’s take a closer look at both projects.

Bitcoin’s Megaphone Breakout: Could $300K Be Just the Start?

Bitcoin’s bullish megaphone pattern signals a strong uptrend. It forms when prices make higher highs and lower lows. A breakout above the upper boundary often leads to a sharp rally. Bitcoin cleared this level in November and has stayed above it, which supports predictions of a major surge. 

Market analyst Gert Van Lagen sees a clear accumulation pattern. He identifies a step-like structure—Base 1 through Base 4—showing steady price growth before a breakout. 

Using Elliott Wave Theory, Lagen believes Bitcoin is now in Wave (5), the final and most explosive phase. Based on Fibonacci levels, this could push BTC to $270,000–$300,000. 

Some see even bigger gains ahead. Analyst apsk32 compares Bitcoin’s price moves to gold’s historic bull runs and suggests it could climb as high as $400,000, while the economist Timothy Peterson projects a $1.5 million price target for BTC. 

Can PlutoChain’s Hybrid Layer-2 Technology Solve Bitcoin’s Speed, Scalability, and Cost Issues?

Bitcoin’s dominance in crypto is clear, but slow transactions and the lack of smart contract support have kept it from fully stepping into the DeFi space.

PlutoChain ($PLUTO), a hybrid Layer-2 solution, could change that by potentially improving Bitcoin’s scalability without sacrificing security.

It processes transactions off-chain before finalizing them on Bitcoin’s blockchain, which could help reduce congestion and speed things up.

With two-second block times—far faster than Bitcoin’s usual 10-minute block times—it might make BTC much more practical for payments, lending, and other financial uses.

PlutoChain is also fully compatible with the Ethereum Virtual Machine (EVM), meaning developers could bring DeFi protocols, NFT marketplaces, and AI-powered financial tools into Bitcoin’s ecosystem. 

So far, testing has been promising, with the network handling over 43,200 transactions in a single day without downtime.

Security stays a top priority. PlutoChain is being audited by SolidProof, QuillAudits, and Assure DeFi to ensure the network remains stable. It also gives users a say in protocol upgrades, which could make it more flexible than Bitcoin’s traditionally slow-moving development process.

PlutoChain could turn Bitcoin into a more scalable, usable network—one that supports instant payments, DeFi, and real-world applications.

Final Thoughts

Bitcoin’s breakout from the megaphone pattern could be the start of a historic rally. As institutional interest grows and its role as a treasury asset expands, Bitcoin’s long-term potential looks stronger than ever.

Meanwhile, PlutoChain ($PLUTO) and its Layer-2 solution could address Bitcoin’s biggest limitations, bring faster transactions, lower costs, and the ability to support DeFi applications.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.