The expert warns: The worst for bitcoins has not yet come

Bull’s goal maintained despite uncertainties

In the analysis of John Glover, the director of investment in January and a former market trader and an Elliott Wave access specialist, he confirmed that Bitcoin remained around $ 140,000 on the upward trajectory by the end of the year.

At a time when BTC develops around $ 114,000, this projection is part of a market context, which is still largely optimistic. ”We are still on a structural path that shows around $ 140,000 by the end of the year“He said.

This statement that comes at a key moment, while the main levels of resistance could be tested in the coming weeks.

Such a projection is based on the theory of Elliott Waves, which structures markets in behavioral cycles. The expert identifies the current market as in the fifth and last bull wave of the cycle, which is a phase historically associated with the main peak. Here are key points of advanced:

• The current BTC price is around $ 114,000;

• For this year, the technical goal is set at $ 140,000, supported by cyclic analysis in Elliott Wave;

• Contemporary configuration would be the configuration of the fifth wave, the last bull phase before the structural reversal;

• According to the theory, this last wave is characterized by euphoria and strong participation in the market before repair;

• John Glover emphasizes consistency with previous cycles, which often saw peaks preceded significant falls.

All these elements suggest that upper dynamics could be expanded in the coming months, but technical analysis requires vigilance. So the goal of $ 140,000, if it was achieved, could mean a climax, not a new stable base.

2026, a year of reversal? The end of the cycle that fears

In addition to obvious optimism, an expert will alert a much less favorable scenario for the following year. According to him, as soon as the peak reached, 2026 could mark the beginning of the deep lower market in connection with the typical behavior of Elliott Cycles.

”The greatest danger does not lie in the coming months, but in what awaits us after the peakWarns. This statement reverses the perspective of many actors and supports vigilation after Euphoria rather than at the early celebration of the new historical Summit for Bitcoins.

The theory of Elliott waves on which this analysis is based on that after the fifth bull wave comes the main corrective phase, generally called wave and trace cycle.

The size of this correction is not specified, but the cyclic nature of the approach means a structural decline on the market. This hypothesis differs from conventional purely basic or macroeconomic analyzes focusing on crowds ‘psychology and investors’ behavior over time.

From this point of view, the potential consequences are multiple. If $ 140,000 was to be achieved, the risk of sudden reversal could surprise part of the institutional actors who have arrived on the market, and the extreme volatility that Bitcoin knew in the previous cycles, even became more stable than the action. Therefore, alerts are not essential due to unfavorable macroeconomic context, but because the technical conditions on the market themselves would indicate the end of the cycle.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.