A technical analyst known as ‘V’ has made a striking statement Elliott Wave Theory-based Bitcoin price outlook on X that he thinks most market participants are completely overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that could first subject the cryptocurrency to significant downward pressure, potentially causing a price crash to $40,000 before clearing the way for Bitcoin. an explosive rally that could shock investors and traders.
Elliott Wave Pattern Indicates a $40,000 Bitcoin Price Drop
V’s analysis of X begins with identification a completed five-wave structure which took Bitcoin from its 2022 low to an early 2025 peak around $109,354. These waves, clearly marked 1 through 5 on the chart, mark the end of Bitcoin’s first major momentum move.
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From here V projects that Bitcoin could come in now a Wave 2 correctionthat could take the form of a classic ABC zigzag pattern. In this projected scenario, Wave A is predicted to drop somewhere between 50% and 61.8% Fibonacci retracement levels, causing a Bitcoin price drop to the $51,000 to $62,000 range.
After this, Wave B is expected to see a small rebound, pushing Bitcoin back up towards the 100% to 132% expansion zone between $109,354 and $120,594 on the chart. Once this rebound occurs, V predicts a final downside target in Wave C. He predicts that Bitcoin price could fall to the range of $51,336 to $35,564, which represents a massive 55% to 69% decline from the previous bounce area.
Notably, V stated this Bitcoin’s expected move towards its latest bearish target could completely catch the majority of investors and traders off guard. This is because a relief back to six figures in Wave B would likely restore investor confidence and attract buyers again, after which the market would fall again to an even steeper target. In other words, it would be a bull trap.
The Bitcoin Endgame That Could Shock Investors
After the expected completion of the Wave 2 correction, V predicts the onset of Wave 3, a phase that could trigger a strong wave. bullish reversal for Bitcoin. The chart illustrates an expected rally, marked by a rising arrow. Bitcoin is expected to retest and reclaim the previous resistance level around $109,354, meaning a potential gain of over 207% from the expected Wave C bottom around $35,564.
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Once BTC crosses this resistance with strong momentum, the chart will project a stronger upward move towards the price a shocking goal of $150,000. Notably, the last time Bitcoin came anywhere close to this level was in October 2025, when the price skyrocketed to new all-time highs above $126,000. If the V’s Elliott Wave forecast turns out as expected, it would mark a new historic ATH for BTC.
Featured image from Getty Images, chart from Tradingview.com