Bitcoin Forecast Points to $140K Peak in 2025
What does Bitcoin Forecast say as of August 4 ? Despite a recent 4% dip in price, Bitcoin’s not done yet at least according to John Glover, the CIO at crypto lender Ledn. He’s riding with Elliott Wave theory and says we’re still in the middle of a bullish wave, with BTC on track to hit $140K by the end of 2025.
Yep, even with prices dipping below $112K recently, Glover isn’t sweating it. He claims we’re in Wave iii of a classic five-wave pattern, and this one’s far from over. The dip? Just a breather. Long-term holders took some profits near $120K, and now the market’s regrouping for a bigger push.
Bitcoin Forecast: Why the Dip Doesn’t Matter (Much)
Glover says this latest pullback is “textbook retracement” a chill moment before the next big move. In fact, he expects Bitcoin to tag $130K within a few weeks. After that, a tiny correction to $110K, and then the climb to $140K could begin.
But don’t get too hyped. Glover thinks that once we top out near $140K, the bears will take over in 2026. “We’ll hear people screaming for $250K or $500K, but that’s not my call,” he added.
For now, the Elliott Wave theory is calling the shots. If it plays out, we could see a major new ATH before the cycle flips.
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