Bitcoin News Today: Bitcoin forecast to hit $140 000 before 2026 downturn

Bitcoin continues its upward trajectory, with the price recently hovering near $114,000, a level not seen in several weeks [1]. Analysts, however, are raising concerns about the sustainability of this momentum. According to a market reading based on the Elliott Wave theory, Bitcoin is expected to reach $140,000 by the end of 2025, followed by a significant downturn in 2026 [1]. This forecast highlights the importance of viewing the current bullish trend with a long-term lens.

John Glover, Chief Investment Officer at Ledn and an expert in Elliott Wave analysis, has reiterated that Bitcoin is still on a path toward the $140,000 target [1]. Currently trading around $114,000, the market appears to be in the fifth and final bullish wave of the cycle, a phase historically associated with peak levels before a major reversal [1]. Glover notes that if the current momentum continues, the technical target of $140,000 remains plausible. However, the same analysis warns that this could be a temporary high rather than the start of a new baseline.

The Elliott Wave theory, which structures markets into behavioral cycles, suggests that after the fifth wave comes a major corrective phase, often referred to as wave A of a retracement cycle [1]. Glover emphasizes that the current market configuration aligns with previous cycles, where euphoric highs have historically been followed by sharp declines. As such, the upcoming months could see Bitcoin testing key resistance levels, which may either confirm or challenge the $140,000 projection [1].

Looking beyond 2025, the forecast indicates a more bearish outlook for 2026. Glover cautions that the most significant risks will emerge after the peak is reached, with the potential for a deep bear market driven by the natural behavior of Elliott cycles [1]. This scenario would not necessarily be tied to a poor macroeconomic environment but rather to the technical conditions of the market itself. The cyclical nature of the theory implies that a structural market retreat is likely once the $140,000 level is reached [1].

If the predicted peak materializes, it could catch some institutional investors off guard, especially those who have recently entered the market. The volatility associated with previous Bitcoin cycles may return, adding another layer of complexity for traders and investors [1]. Glover’s analysis serves as a reminder that while the short-term outlook remains bullish, the longer-term trend may signal caution. This perspective contrasts with more traditional fundamental or macroeconomic analyses, which often overlook the psychological and behavioral patterns of market participants [1].

Source: [1] Bitcoin Forecast To Hit $140K Before Market Turns in 2026 (https://coinmarketcap.com/community/articles/6891a15971856b3a3f16ef53/)