A technical analyst referred to as ‘V’ has shared a hanging Elliott Wave Theory-based Bitcoin worth 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 topic the cryptocurrency to important draw back stress, doubtlessly triggering a worth crash to $40,000 earlier than setting the stage for an explosive rally that might shock buyers and merchants.
Elliott Wave Sample Factors to $40,000 Bitcoin Worth Dip
V’s evaluation on X begins by figuring out a completed five-wave structure that carried Bitcoin from its 2022 lows to an early 2025 peak round $109,354. These waves, clearly labeled 1 by way of 5 on the chart, mark the top of Bitcoin’s first main impulse transfer.
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From right here, V projects that Bitcoin might now enter a Wave 2 correction, which might take the type of a traditional ABC zigzag sample. On this projected state of affairs, Wave A is forecasted to backside someplace between the 50% and 61.8% Fibonacci retracement ranges, triggering a Bitcoin worth decline to the $51,000 to $62,000 vary.
Following this, Wave B is predicted to see a small reduction bounce, pushing Bitcoin again up towards the 100% to 132% extension zone between $109,354 to $120,594 on the chart. As soon as this bounce happens, V predicts a last draw back goal in Wave C. He forecasts that the Bitcoin worth might decline to the $51,336 to $35,564 vary, representing an enormous 55% to 69% lower from the earlier bounce space.
Notably, V has acknowledged that Bitcoin’s projected move to its final bearish target might catch the vast majority of buyers and merchants utterly off guard. It’s because a reduction rally again in the direction of six figures in Wave B would probably restore investor confidence and draw consumers again in, just for the market to say no over again to a good steeper goal. In different phrases, it could possibly be a bull trap.
The Bitcoin Finish Sport That May Shock Buyers
Following the anticipated completion of the Wave 2 correction, V predicts the onset of Wave 3, a part that might set off a robust bullish reversal for Bitcoin. The chart illustrates a projected rally, highlighted by a rising arrow. Bitcoin is predicted to retest and reclaim its earlier resistance degree round $109,354, marking a possible achieve of greater than 207% from its projected Wave C backside round $35,564.
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As soon as BTC crosses this resistance with robust momentum, the chart initiatives a stronger rise towards a shocking $150,000 target. Notably, the final time Bitcoin was remotely near this degree was in October 2025, when its worth skyrocketed to new all-time highs above $126,000. If the V’s Elliott Wave forecast performs out as anticipated, it could mark a brand new historic ATH for BTC.
Featured picture from Getty Photos, chart from Tradingview.com
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