Elliot Wave Theory Says Bitcoin Price Is Headed To | Crypto News
A technical analyst recognized as ‘V’ has shared a putting Elliott Wave Theory-based Bitcoin price outlook on X that he believes most market members are utterly overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that might first subject the cryptocurrency to vital draw back strain, probably triggering a price crash to $40,000 before setting the stage for an explosive rally that might shock buyers and merchants.
Elliott Wave Pattern Points to $40,000 Bitcoin Price Dip
V’s analysis on X begins by figuring out a accomplished five-wave construction that carried Bitcoin from its 2022 lows to an early 2025 peak around $109,354. Those waves, clearly labeled 1 through 5 on the chart, mark the end of Bitcoin’s first major impulse transfer.
From right here, V initiatives that Bitcoin might now enter a Wave 2 correction, which might take the shape of a traditional ABC zigzag sample. In this projected state of affairs, Wave A is forecasted to backside someplace between the 50% and 61.8% Fibonacci retracement ranges, triggering a Bitcoin price decline to the $51,000 to $62,000 vary.
Following this, Wave B is anticipated to see a small aid bounce, pushing Bitcoin back up toward the 100% to 132% extension zone between $109,354 to $120,594 on the chart. Once this bounce happens, V predicts a closing draw back goal in Wave C. He forecasts that the Bitcoin price might decline to the $51,336 to $35,564 vary, representing a large 55% to 69% lower from the earlier bounce space.
Notably, V has acknowledged that Bitcoin’s projected transfer to its closing bearish goal might catch the bulk of buyers and merchants utterly off guard. This is because a aid rally back in the direction of six figures in Wave B would possible restore investor confidence and draw patrons back in, only for the market to decline all over again to an even steeper goal. In other phrases, it may very well be a bull entice.
The Bitcoin End Game That Could Shock Investors
Following the anticipated completion of the Wave 2 correction, V predicts the onset of Wave 3, a section that might set off a highly effective bullish reversal for Bitcoin. The chart illustrates a projected rally, highlighted by a rising arrow. Bitcoin is anticipated to retest and reclaim its earlier resistance stage around $109,354, marking a potential gain of more than 207% from its projected Wave C backside around $35,564.
Once BTC crosses this resistance with strong momentum, the chart initiatives a stronger rise toward a stunning $150,000 goal. Notably, the last time Bitcoin was remotely close to this stage was in October 2025, when its price skyrocketed to new all-time highs above $126,000. If the V’s Elliott Wave forecast performs out as anticipated, it could mark a new historic ATH for BTC.
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