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If This Happens, Bitcoin Price Will Shoot To $140,000, Says Analyst

Author: Content Editor
The article analyzes a complex Elliott Wave structure in the Bitcoin market. The author identifies key levels such as $72,895 and $78,000 as potential bottoms and significant support. They also point out a consolidation phase around $85,000 to $95,000, which could precede the next directional move. The chart suggests a potential upside pathway from $95,000, projecting impulse waves that could bring Bitcoin into the $100,000–$140,000 range. Fibonacci extension targets are identified at $114,693 and $137,727. Moving averages and volume profiles indicate support and subdued participation during corrective phases. The analyst emphasizes that a break above $95,000 or a drop to $72,895 could lead to the same upside target of $130,000–$140,000. At the time of writing, Bitcoin was trading at $90,053.

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