A technical analyst generally known as ‘V’ has shared a hanging Elliott Wave Idea-based Bitcoin worth outlook on X that he believes most market contributors are fully 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 accomplished five-wave construction that carried Bitcoin from its 2022 lows to an early 2025 peak round $109,354. These waves, clearly labeled 1 by 5 on the chart, mark the tip of Bitcoin’s first main impulse transfer.
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From right here, V initiatives that Bitcoin may now enter a Wave 2 correction, which may take the type of a traditional ABC zigzag sample. On this projected situation, 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 ultimate draw back goal in Wave C. He forecasts that the Bitcoin worth may 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 ultimate bearish goal may catch the vast majority of buyers and merchants fully off guard. It is because a reduction rally again in direction of six figures in Wave B would doubtless restore investor confidence and draw patrons again in, just for the market to say no over again to an excellent steeper goal. In different phrases, it could possibly be a bull lure.
The Bitcoin Finish Recreation That Might Shock Traders
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 stage round $109,354, marking a possible acquire 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 surprising $150,000 goal. Notably, the final time Bitcoin was remotely near this stage 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 will mark a brand new historic ATH for BTC.
Featured picture from Getty Photos, chart from Tradingview.com
