Mar 3, 2026
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BEARISH 📉 : Analyst forecasts Bitcoin price dip to $40,000 before rally
An analyst known as 'V' has shared a detailed Bitcoin price prediction based on Elliott Wave Theory, suggesting significant market movements that are largely being overlooked.
Elliott Wave Pattern Highlights
- The analysis begins with a completed five-wave structure, marking the end of Bitcoin's major impulse move from 2022 to an early 2025 peak around $109,354.
- V projects a Wave 2 correction, potentially forming an ABC zigzag pattern.
- Wave A forecasts a decline to the $51,000-$62,000 range.
- Wave B may cause a relief bounce to the $109,354-$120,594 zone.
- Wave C could trigger a decline to the $51,336-$35,564 range, a decrease of 55%-69% from the previous level.
- This potential decline might surprise investors, as a Wave B rally could falsely restore confidence.
Potential Bitcoin Recovery
- After completing Wave 2, V anticipates the start of Wave 3, possibly leading to a strong bullish reversal.
- Bitcoin might retest and reclaim the $109,354 resistance, with a potential gain of over 207% from the projected Wave C bottom near $35,564.
- If successful, BTC could rise towards a target of $150,000, marking a new all-time high.
This prediction, if accurate, outlines a roadmap for Bitcoin's potential future movements, highlighting both downside risks and opportunities for growth.