Elliot Wave Theory Says Bitcoin Price Is Headed To $40,000, But The End Game Will Shock You

A technical analyst, ‘V,’ predicts a significant Bitcoin price movement based on Elliott Wave Theory. He anticipates a substantial downturn after Bitcoin's initial five-wave impulse move completed in early 2025. This correction phase, labeled Wave 2, could see Bitcoin fall to the $51,000 to $62,000 range. A subsequent relief bounce could push the price towards the $109,354 to $120,594 zone. Wave C could then trigger a crash, potentially dropping Bitcoin to the $35,564 to $51,336 range. This final drop could catch many investors by surprise, creating a bull trap scenario. Following the correction, V projects an explosive Wave 3 bullish reversal. Bitcoin is expected to reclaim its previous resistance at $109,354, representing substantial gains. The rally could then accelerate towards a shocking target of $150,000. If this forecast materializes, it would establish a new all-time high for Bitcoin.