A technical analyst known as 'V' has shared a detailed Elliott Wave Theory-based outlook for Bitcoin, projecting a potential multi-year roadmap that includes significant volatility. The analysis, plotted on Bitcoin's weekly chart, identifies a completed five-wave impulse move that carried BTC from its 2022 lows to an early 2025 peak around $109,354.
From this peak, V projects Bitcoin could enter a Wave 2 correction, likely taking the form of a classic ABC zigzag pattern. Wave A is forecast to bottom between the 50% and 61.8% Fibonacci retracement levels, potentially driving the price to the $51,000 to $62,000 range. A subsequent Wave B relief bounce could push Bitcoin back toward the $109,354 to $120,594 zone, potentially creating a bull trap by restoring investor confidence before a final decline.
The analyst predicts Wave C could see Bitcoin decline to a final bearish target between $51,336 and $35,564, representing a 55% to 69% decrease from the Wave B bounce area. V warns this move could catch the majority of market participants off guard.
Following this anticipated correction, the onset of Wave 3 is projected to trigger a powerful bullish reversal. The chart illustrates a rally that could see Bitcoin retest and reclaim its previous resistance near $109,354—a gain of over 207% from a potential $35,564 bottom—before pushing toward a shocking $150,000 target, marking a new historic all-time high.
In a separate analysis, crypto analyst CW examines Bitcoin's price action using a long-term linear regression channel, suggesting the current cycle mirrors the slower, methodical buildup of 2017 rather than the faster 2021 cycle. The chart shows Bitcoin's price is still respecting a long-term linear regression trendline as a ceiling, despite having already set a nominal all-time high above $126,000 in October 2025.
The analysis asserts that Bitcoin remains in an accumulation phase, with the real rally beginning only after a decisive breakout above this trendline. If history repeats in a 2017-style fashion, such a breakout could be followed by a push toward a purple resistance trendline, projecting a trajectory that targets the $500,000 range.
