Altcoins News

Story: Bitcoin Analyst Warns Massive Drop Coming

By Maheen Hernandez

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Technical analyst 'V' just dropped a bombshell Bitcoin prediction that's got crypto Twitter buzzing.

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V's whole theory centers on Bitcoin completing what he calls a five-wave structure. Bitcoin climbed from those brutal 2022 lows all the way up to around $109,354 in early 2025,…

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Wave B might bounce prices back up between $109,354 and $120,594, which could fool a lot of people into thinking the worst is over.

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V thinks the whole correction sets up Wave 3, which should trigger a massive bullish reversal.

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Pretty ambitious stuff. But V's predictions haven't been proven yet.

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The crypto community can't seem to agree on V's Elliott Wave analysis. Some traders think it provides a clear roadmap for what's coming next, while others basically dismiss the…

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Other analysts aren't buying it though. Sarah Jones from Crypto Insights thinks V's predicted drop might be way too extreme.

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The market remains split on where Bitcoin heads next. Trader John Smith offered a different take at the Crypto Market Summit on March 2, saying Bitcoin's fundamentals stay strong…

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Meanwhile, trading data shows Bitcoin volumes staying robust around $30 billion daily according to CoinMarketCap data from February 28.

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Galaxy Digital CEO Mike Novogratz keeps pushing his bullish Bitcoin stance. On March 1, Novogratz said he still believes Bitcoin reaches new highs this year based on…

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Traders are watching key support levels closely now. That $51,000 mark V mentioned as Wave A's bottom has become a focal point for technical analysis.

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Linda Zhang from Alpha Crypto Research warned on March 3 that market reactions to V's prediction could increase volatility.

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Chainalysis released data on March 2 showing long-term Bitcoin holders continue accumulating despite recent price swings.

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BlackRock increased its Bitcoin exposure through its flagship fund according to Bloomberg reporting on March 1.

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Binance launched new Bitcoin trading products on February 28 designed to capitalize on volatility.

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