Bitcoin News Today: Bitcoin set for $140,000 peak in 2025 via Elliott Wave pattern

Bitcoin is still on course to reach $140,000 by the end of 2025 according to John Glover, Chief Investment Officer at Ledn, who bases his analysis on the Elliott Wave Theory. Glover explains that the current price movement aligns with the expected trajectory of the fifth wave in a larger bullish cycle. According to his analysis, Bitcoin is currently in the third impulse wave (iii) of this larger move and could hit a high of around $130,000 in the coming weeks before retreating to approximately $110,000 by September, completing the fourth corrective wave [1].

The final fifth wave is expected to drive prices upward again, culminating in a peak near $140,000 by year-end. However, Glover warns that this would likely be followed by a bear market in 2026, signaling a significant reversal for BTC investors. He emphasizes that while the bullish phase could still attract speculation and optimism, a substantial correction is anticipated once the $140,000 level is reached [1].

The Elliott Wave Theory, which Glover applies in his analysis, is a technical tool that identifies recurring patterns in crowd psychology and market behavior. It suggests that markets move in a five-wave impulse structure followed by a three-wave corrective phase. In the current context, the price action observed in Bitcoin aligns with these patterns, reinforcing the expectation of a peak and eventual downturn [1].

The recent dip in Bitcoin’s price, which saw it fall under $112,000, is viewed as a temporary retracement wave by analysts like Glover. This pullback follows a period of profit-taking by long-term holders and is seen as a normal part of the larger bullish cycle. The market has also been affected by losses in related stocks such as MicroStrategy and Coinbase, which have contributed to broader crypto market volatility [1].

Despite the bullish forecast for 2025, Glover’s outlook contrasts with narratives that suggest the institutional adoption of Bitcoin through ETFs has disrupted its traditional four-year cycle. He maintains that historical trends and wave structures still provide a reliable framework for understanding Bitcoin’s price action [1].

As the year draws to a close, investors will closely watch whether Bitcoin adheres to this projected path. Any signs of early resistance or a deviation from the wave structure could prompt reevaluations of the timeline and potential outcomes. For now, the analysis remains firmly rooted in the patterns observed through the Elliott Wave lens, suggesting both a strong finish to 2025 and a challenging period ahead in 2026 [1].

Source: [1]title1.............................(https://www.coindesk.com/markets/2025/08/04/bitcoin-still-on-track-for-usd140k-this-year-but-2026-will-be-painful-elliott-wave-expert)