Ledn CIO Forecasts Bitcoin Surge to $140K Before 2026 Bear Market Using Elliott Wave Theory

04.08.2025 17:40

Bitcoin (BTC) recently declined below $112,000, marking a 4% weekend drop that unsettled investors. However, Ledn Chief Investment Officer John Glover asserts this is a temporary pullback within a larger bullish pattern. Applying Elliott Wave Theory analysis to Bitcoin's price chart, Glover predicts BTC will rally to approximately $130,000 in the coming weeks before undergoing a corrective wave that could push it down to $110,000 by September 2025.

The final impulse wave is projected to drive Bitcoin to a bull market peak of $140,000 by year-end 2025, completing an extended five-wave cycle. Glover emphasizes this trajectory aligns with historical wave patterns, noting "we are on track to reach the $135,000-$140,000 target by the end of 2025." He anticipates a bear market commencing in 2026, marking the end of the current cycle.

While technical analysis forms the core of this prediction, Glover acknowledges influencing factors including Bitcoin's recent halving (April 2024), institutional ETF adoption, regulatory developments, and macroeconomic conditions. The forecast stresses investor caution, advising diversification and risk management given cryptocurrency volatility.