The cryptocurrency continues to exhibit promising bullish momentum, with expected to hit a $140,000 peak within the current year.
bitcoin’s Short-Term Rally and Long-Term Risks
According to Elliott wave analysis by experts, bitcoin’s trajectory suggests a strong rally followed by a potential downturn in 2026.
'bitcoin will rally to around $140,000 this year before slipping into a bear in 2026,' stated Ledn CIO John Glover.
This analysis aligns with recent behavior, where bitcoin has experienced a 4% decline over the past week, with lows under $112,000.
Such retracement waves are typical in crypto cycles, often serving as pauses before continued growth or correction.
Technical Indicators Signal bullish Potential
The current pattern indicates that 's rally could be fueled by institutional interest and Web3 adoption, supporting its position as a store of value amid regulatory developments.
As long-term holders take profits near $120,000, short-term traders eye the next upward move toward $140,000.
However, caution remains as technical signals also point towards an upcoming bear phase in 2026.
Implications for market Participants
Investors should consider how these cycle forecasts influence their strategies, particularly regarding funding and security measures in DeFi platforms and NFTs.
The predicted peak underscores the importance of risk management amid volatile Web3 developments and regulation shifts.
Moreover, this cycle analysis emphasizes the relevance of understanding market psychology and technical patterns for navigating crypto investments effectively.
Conclusion
's anticipated rise to $140K this year highlights the ongoing sentiment driven by technological innovation and adoption trends.
Yet, experts warn that a bear market in 2026 may challenge long-term optimism, emphasizing the need for vigilance within the evolving crypto ecosystem.
