A technical analyst known as ‘V’ has shared a striking-based Bitcoin price outlook on X that he believes most market participants are completely overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that could first subject the cryptocurrency to significant downside pressure, potentially triggering a price crash to $40,000 before setting the stage for that could shock investors and traders.  

Elliott Wave Pattern Points to $40,000 Bitcoin Price Dip

V’s analysis on X begins by identifying that carried Bitcoin from its 2022 lows to an early 2025 peak around $109,354. Those waves, clearly labeled 1 through 5 on the chart, mark the end of Bitcoin’s first major impulse move. 

From here, V that Bitcoin could now enter, which could take the form of a classic ABC zigzag pattern. In this projected scenario, Wave A is forecasted to bottom somewhere between the 50% and 61.8% Fibonacci retracement levels, triggering a Bitcoin price decline to the $51,000 to $62,000 range. 

Following this, Wave B is expected to see a small relief bounce, pushing Bitcoin back up toward the 100% to 132% extension zone between $109,354 to $120,594 on the chart. Once this bounce occurs, V predicts a final downside target in Wave C. He forecasts that the Bitcoin price could decline to the $51,336 to $35,564 range, representing a massive 55% to 69% decrease from the previous bounce area. 

Notably, V has stated that could catch the majority of investors and traders completely off guard. This is because a relief rally back towards six figures in Wave B would likely restore investor confidence and draw buyers back in, only for the market to decline all over again to an even steeper target. In other words, it could be a.

The Bitcoin End Game That Could Shock Investors

Following the anticipated completion of the Wave 2 correction, V predicts the onset of Wave 3, a phase that could trigger a powerful. The chart illustrates a projected rally, highlighted by a rising arrow. Bitcoin is expected to retest and reclaim its previous resistance level around $109,354, marking a potential gain of more than 207% from its projected Wave C bottom around $35,564. 

Once BTC crosses this resistance with strong momentum, the chart projects a stronger upward push toward. Notably, the last time Bitcoin was remotely close to this level was in October 2025, when its price skyrocketed to. If the V’s Elliott Wave forecast plays out as expected, it would mark a new historic ATH for BTC.