A pseudonymous technical analyst known only as “V” has posted a provocative multi-year Bitcoin roadmap on X, arguing that traders are underestimating a large Elliott Wave correction that could first drive prices sharply lower before unleashing an outsized rally.
The setup, plotted on Bitcoin’s weekly chart, begins with V’s read that a five-wave impulse from the 2022 lows culminated in an early-2025 peak around $109,354 (waves 1–5). From that high, he projects Bitcoin is entering a Wave 2 correction that unfolds as a classic ABC zigzag.
In V’s scenario:
- Wave A would drop to roughly the 50%–61.8% Fibonacci retracement area, putting BTC in the $51,000–$62,000 range.
- Wave B would then produce a relief bounce — potentially lifting prices back into a 100%–132% extension zone near $109,354–$120,594, which could restore bullish sentiment.
- After that apparent recovery, Wave C would complete the correction with a deeper decline to roughly $51,336 down to $35,564 — a fall of about 55%–69% from the bounce area. V warns this sequence could catch many investors off guard by turning the Wave B rebound into a bull trap.
Once that correction finishes, V forecasts the start of a powerful Wave 3 bull phase. His chart shows BTC reclaiming the prior resistance at ~$109,354 and then accelerating toward a roughly $150,000 target — more than a 200% gain from the lowest projected Wave C point. V notes Bitcoin was last in the neighborhood of these levels in October 2025, when prices briefly pierced $126,000.
This outlook hinges on Elliott Wave interpretation and Fibonacci relationships — a method that can be subjective and is sensitive to labeling and timeframe. V’s plan is notable for its dramatic “drop-then-rally” narrative: a sizable near-term drawdown that could reset long-term upside potential, but only after a potentially painful correction and a misleading relief rally.
As always, this is one technical analyst’s scenario and not investment advice; traders should combine multiple tools and risk-management practices before acting.
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