A pseudonymous technical analyst known as “V” has published a multi-year Elliott Wave roadmap for Bitcoin that anticipates a deep correction before a renewed uptrend. In a weekly chart shared on X, the analyst outlines a potential ABC pullback that could send BTC as low as the mid-$30,000s, followed by a rebound that ultimately targets $150,000.
Analyst’s Elliott Wave Roadmap
According to V’s chart, Bitcoin completed a five-wave advance from its 2022 lows to an early-2025 peak near $109,354, marking the end of a major impulse phase. The analyst then projects a Wave 2 correction unfolding as a classic ABC pattern:
- Wave A: A decline toward the 50%–61.8% Fibonacci retracement zone, implying a pullback to approximately $51,000–$62,000.
- Wave B: A relief rally back toward the 100%–132% extension zone around $109,354–$120,594.
- Wave C: A final leg lower targeting $51,336–$35,564, representing a drop of roughly 55%–69% from the projected Wave B area.
V suggests this structure could catch many market participants off guard, as a rally back toward six figures in Wave B may restore confidence before a deeper leg lower. In this framing, the bounce would function as a potential bull trap.
Potential Bull Trap Dynamics
The analysis emphasizes how a strong rebound toward prior highs could invite renewed risk-taking. If sentiment and liquidity improve on the bounce, traders might interpret the move as a resumption of the bull market, only to be met by a subsequent selloff toward the lower end of the projected range in Wave C.
Bullish Reversal Scenario After Correction
Following the anticipated Wave 2 completion, V’s chart maps out a Wave 3 advance that would see Bitcoin regain the $109,354 area and continue higher. From a projected bottom near $35,564, a move back to that resistance implies a gain of more than 200%. The roadmap then targets an extension to $150,000. If realized, such a move would establish a new all-time high for BTC.
Methodology and Context
Elliott Wave Theory segments market trends into five-wave impulses and three-wave corrections, often analyzed in conjunction with Fibonacci retracement and extension levels. While widely followed by some traders, its projections are probabilistic and can be invalidated by changing market conditions. V’s outlook is based on a weekly timeframe and presents one possible path for Bitcoin over a multi-year horizon.