{"id":40251,"date":"2025-08-04T07:02:05","date_gmt":"2025-08-04T07:02:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40251"},"modified":"2025-08-04T07:02:05","modified_gmt":"2025-08-04T07:02:05","slug":"bitcoin-still-on-track-for-140k-this-year-but-2026-will-be-painful-elliott-wave-expert","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40251","title":{"rendered":"Bitcoin Still on Track for $140K This Year, But 2026 Will be Painful: Elliott Wave Expert"},"content":{"rendered":"
\n

Don’t call the top yet, market analyst specializing in the Elliott wave theory, told CoinDesk. He added that bitcoin (BTC) will rally to around $140,000 this year before slipping into a bear market in 2026.<\/p>\n

The leading cryptocurrency by market value, has dropped 4% over the past week, with prices hitting lows under $112,000 over the weekend, according to CoinDesk data. <\/p>\n

The decline comes after weeks of profit-taking by long-term holders near $120,000 and alongside sharp losses in key crypto-related stocks such as Strategy (MSTR) and Coinbase (COIN).<\/p>\n

The sell-off is a typical retracement wave, representing a temporary breather from the preceding bullish impulse wave, and could set the stage for a rally to $140,000 by year-end, according to John Glover, chief investment officer at crypto financial services company Ledn.<\/p>\n

“Firmly caught in the summer doldrums, the BTC price continues to follow the expected trajectory and will soon complete the 5-wave move depicted by the blue line [in the chart] below, which will finish wave iii (yellow line) of Wave 5 (orange line). All to say, we’re still on target to hit $135,000 – $140,000 by the end of 2025,” Glover said in an email.<\/p>\n

What is the Elliott Wave?<\/h2>\n

The Elliott Wave Theory, introduced by Ralph Nelson Elliott in 1938 in his book, “The Wave Principle<\/a>, is a way of understanding market movements by recognizing that they follow predictable, repeating patterns like natural fractals.<\/p>\n

The core idea is that crowd psychology moves in cycles, creating a pattern of five waves in the direction of the primary trend or the impulse move. The five-wave structure encompasses three impulse waves (1,3, and 5) and two retracing waves (2 and 4). Sometimes, impulse waves are extended and powerful, comprising their own 5-wave structure.<\/p>\n

A three-wave corrective structure follows the five-wave structure. This 5-3 wave pattern repeats at both larger and smaller scales, allowing observers to forecast future price action based on the market’s current position within the broader context.<\/p>\n

\"BTC's<\/p>\n

According to the above chart, BTC is currently moving in the impulse wave (iii) of the extended impulse wave 5.<\/p>\n

The impulse wave (iii) could hit a high of $130,000 in the next couple of weeks, before prices drop to around $110,000 in September, completing the retrace wave (iv). After that, the final impulse wave (v) of the larger impulse wave 5 will resume, marking a bull market peak at around $140,000.<\/p>\n

“Once we achieve the $140,000-ish region, there will be a LOT of debate as to how much further the market will go, and I’m sure we’ll hear the bulls quoting $250,000 to $500,000 in 2026. This is not my thesis as I believe we will enter a bear market for BTC in 2026,” Glover said.<\/p>\n

Glover’s take contrasts with the popular narrative that institutional adoption through ETFs has broken<\/a> bitcoin’s four-year cycles, which historically indicate a price peak this year followed by an extended bear market.<\/p>\n

Read more: XRP Leads Market Gains, Bitcoin Nears $115K as Trump Tariffs Sour Bullish Crypto Mood<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Don’t call the top yet, market analyst specializing in the Elliott wave theory, told CoinDesk. He added that bitcoin (BTC) will rally to around $140,000 this year before slipping into a bear market in 2026. The leading cryptocurrency by market value, has dropped 4% over the past week, with prices hitting lows under $112,000 over […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40251","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40251"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40251\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}