Bitcoin to Hit $140K This Year Before 2026 Crash, Expert Warns

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<a href="https://thbusd.com/btc-usd/">Bitcoin</a> Still on Track for $140K This Year, But 2026 Will be Painful: Elliott Wave Expert

What to know:

  • Bitcoin is expected to rally to around $140,000 this year before entering a bear market in 2026, according to Ledn CIO John Glover’s Elliot wave analysis.
  • The analysis points to a bear market in 2026.

In this article

BTCBTC$114,726.30◢0.87%

The market analyst who focuses on Elliott wave theory hasn’t recommended calling the peak just yet, as he shared with CoinDesk. Furthermore, he mentioned that Bitcoin is still not at its highest point according to his analysis.

will rally to around $140,000 this year before slipping into a bear market in 2026.

As a researcher studying the crypto market, I’ve observed a notable decrease in the value of the predominant cryptocurrency by market cap. Over the past week, it has dipped approximately 4%, reaching lows under $112,000 during the weekend, based on data provided by CoinDesk.

After several weeks of long-term investors selling off their profits around the $120,000 mark, and significant drops in shares of important cryptocurrency companies like MicroStrategy (MSTR) and Coinbase (COIN), there has been a noticeable downturn.

According to John Glover, the recent drop in prices (sell-off) is a common pullback or pause in an upward trend (retracement wave), and it might pave the way for a rise towards $140,000 by the end of this year, at his crypto financial services company Ledn.

In a summer slump, according to Glover, the price of Bitcoin is maintaining its predicted path towards completing the five-wave move as indicated by the blue line in the chart below. This movement marks wave iii (yellow line) within Wave 5 (orange line). Essentially, we’re still on course for reaching $135,000 – $140,000 by the end of 2025 as suggested in his email.

What is the Elliott Wave?

As a crypto investor, I’ve found the Elliott Wave Theory to be an intriguing approach to decipher market fluctuations. This theory was first proposed by Ralph Nelson Elliott in 1938, as outlined in his book “The Wave Principle.” Essentially, it suggests that market trends follow consistent, recurring patterns, much like the fractal-like structures found in nature. These patterns can provide valuable insights into future price movements, making them an essential tool for any investor seeking to navigate the volatile world of cryptocurrencies.

In essence, crowd behavior often follows a recurring pattern of five stages, which typically reinforce the main direction or momentum. This five-part structure includes three progressive surges (waves 1, 3, and 5) and two counteracting phases (waves 2 and 4). Occasionally, these progressive surges can be extended and quite forceful, forming their own separate five-stage pattern.

In simpler terms, a three-part correction occurs after a five-part structure, and this pattern can be seen at various levels of the market, making it possible for analysts to predict future price movements by understanding where the market stands in relation to the overall trend.

Based on the given chart, Bitcoin appears to be in the third part of a prolonged upward trend known as wave (iii), which is a part of the larger wave 5.

In simpler terms, the price surge (iii) might reach approximately $130,000 within the next fortnight, then dip down to about $110,000 in September, wrapping up the retracement wave (iv). Following this, we anticipate the resumption of the final price surge (v) of the larger wave 5, which could mark a peak in the bull market around $140,000.

When we reach around $140,000, there’s bound to be intense discussion on whether the market will continue to rise or not. You’ll likely hear optimists predicting prices of $250,000 to $500,000 by 2026, but personally, I think we’ll experience a bear market for Bitcoin in 2026, according to Glover’s view.

According to Glover, his perspective differs from the common belief that the institutional adoption of Bitcoin through ETFs has disrupted its four-year cycle, traditionally signifying a price high this year and an extended period of market decline afterward.

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2025-08-04 10:57