Bitcoin News Today: Bitcoin faces volatile Elliott Wave split: $140,000 peak vs $27,000 drop warnings

Bitcoin’s potential price trajectory has sparked renewed debate among technical analysts, particularly those following the Elliott Wave Theory. Recent projections suggest the cryptocurrency could reach $140,000 by 2025, driven by an ongoing bullish third wave within a multi-wave pattern, according to John Glover of Ledn [1]. This aligns with independent analysts who argue that historical cycles, such as those seen in 2013 and 2017, indicate a similar upward surge may be unfolding [4]. However, these forecasts remain speculative and lack institutional validation or regulatory confirmation.

The bullish outlook contrasts with bearish predictions from other Elliott Wave analysts, who warn of an imminent correction, suggesting Bitcoin could drop as low as $27,000 in the coming weeks [2]. This divergence reflects the challenges inherent in applying technical analysis to a market characterized by extreme volatility and speculative behavior. Analysts like “CryptoCon” emphasize the interplay between the 4-Year Cycle and Elliott Wave theories, yet note that neither model provides definitive guidance [4].

Beyond Bitcoin, similar frameworks are being applied to other cryptocurrencies. For instance, one analyst has predicted that XRP could rise by 333% in the next 40 days, potentially reaching $13 [6]. In parallel, Bitcoin is being analyzed for signs of entering a correction phase, with key levels such as $112,000 and $110,500 identified as potential areas of resistance or support, in line with Fibonacci retracement principles [3].

While these projections are grounded in historical price patterns and wave structures, they do not account for external variables such as macroeconomic trends, regulatory shifts, or broader market dynamics. Academic perspectives highlight that Bitcoin’s value is influenced by a combination of factors, including scarcity, production costs, and investor psychology [9]. As such, analysts caution that theoretical models should not be treated as guarantees but rather as potential scenarios to monitor.

Investor sentiment appears to be influenced by these forecasts, with speculative trading activity on the rise. However, the absence of official commentary from major financial institutions or regulators means that the market remains in a state of uncertainty. Traders are advised to closely monitor key price levels and consider both bullish and bearish outcomes when formulating strategies [10]. As the market moves forward, real-world price action will serve as the ultimate test for these technical predictions.

Source:

[1] AInvest – Bitcoin set for $140000 peak in 2025 via Elliott Wave pattern – (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-set-140-000-peak-2025-elliott-wave-pattern-2508/)

[2] Bitcoinsensus – Elliot Wave Analyses Of The Bitcoin Sell-Off. Dump To $27K? – (https://www.bitcoinsensus.com/news/bitcoin/elliot-wave-analyses-of-the-bitcoin-sell-off-dump-to-27k)

[3] Instagram – Elliott Wave International | Speculation or strategy? A ... – (https://www.instagram.com/p/DM2wnLmOHs8/)

[4] CoinDesk – Bitcoin, Ethereum, XRP, Crypto News and Price Data – (https://www.coindesk.com/)

[6] MSN – XRP price prediction: After today's 3% surge, is Ripple set ... – (http://www.msn.com/en-in/money/markets/xrp-price-prediction-after-today-s-3-surge-is-ripple-set-to-smash-4-as-whales-buy-big-and-experts-predict-60-rally/ar-AA1JrfYE?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)

[8] TradingView – Elliott Wave — Trading Ideas on TradingView – (https://www.tradingview.com/ideas/elliottwaves/)

[9] Decrypt – Professor Coin: What Gives Bitcoin Its Value? – (https://decrypt.co/333162/professor-coin-what-gives-bitcoin-value)

[10] TradingView – Page 37 | BTCUSD Futures Contract Trade Ideas – (https://www.tradingview.com/symbols/HTX-BTCUSD1!/ideas/page-37/?contract=BTCUSD08Q2025&sort=recent)