The Currency analytics
By Maheen Hernandez
Technical analyst 'V' just dropped a bombshell Bitcoin prediction that's got crypto Twitter buzzing.
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,…
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.
V thinks the whole correction sets up Wave 3, which should trigger a massive bullish reversal.
Pretty ambitious stuff. But V's predictions haven't been proven yet.
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…
Other analysts aren't buying it though. Sarah Jones from Crypto Insights thinks V's predicted drop might be way too extreme.
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…
Meanwhile, trading data shows Bitcoin volumes staying robust around $30 billion daily according to CoinMarketCap data from February 28.
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…
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.
Linda Zhang from Alpha Crypto Research warned on March 3 that market reactions to V's prediction could increase volatility.
Chainalysis released data on March 2 showing long-term Bitcoin holders continue accumulating despite recent price swings.
BlackRock increased its Bitcoin exposure through its flagship fund according to Bloomberg reporting on March 1.
Binance launched new Bitcoin trading products on February 28 designed to capitalize on volatility.