Bitcoin (BTC) fell sharply, falling below $112,000 over the weekend, resulting in a loss of around 4%.
The decline has left investors nervous, but market analysts say Bitcoin has not yet reached its peak.
Analysts added that Bitcoin will rise to around $140,000 this year and will enter the bear market in 2026.
According to Coindesk, LEDN’s Chief Investment Officer John Glover said Bitcoin could reach $140,000, according to Elliott Wave Theory.
Glover said the sale is a temporary break, a typical pullback wave following the ATH, and those declines could pave the way for a rally to $140,000 by the end of the year.
“Bitcoin is completely caught up in the summer slump.
Continue following the expected trajectory on the Elliott wave chart and immediately complete the five-wave movement indicated by the blue line. This also completes Wave 3 (yellow line) with Wave 5 (orange line).
So, overall, we are on track to achieve our $135,000-140,000 target by the end of 2025. ”
According to Elliott Wave Theory, analysts said BTC could peak at $130,000 in the coming weeks, and that it would drop to around $110,000 in September to complete the pullback wave. The larger recent impulse wave then continues, reaching the bull market peak of around $140,000.
Analysts last claimed that the Bear Market will begin in 2026.
*This is not investment advice.