Bitcoin Could Hit $140,000 If This Happens!
A new analysis from Elliott Wave expert Big Mike (@Michael_EWpro) predicts that Bitcoin could hit $140,000 if it breaks the $95,000 level or bounces from the $72,895 support zone .
Big Mike believes that Bitcoin is in an accumulation phase, with a key resistance zone located at $90,000–$95,000 .
If the price breaks above this level, BTC could quickly move towards $130,000–$140,000 according to the Elliott Wave pattern.
If Bitcoin fails to hold above $78,000, the price could drop to the $72,895 area , which is considered a strong bounce point for the next bull cycle.
Milestones:
✅ $95,000+ : Strong bullish signal, heading towards $130,000–$140,000
✅ $78,000–$72,895 : Important support, could bottom before bounce
✅ $114,693 : First Fibonacci target (1.618 extension)
✅ $137,727 – $150,000 : Highest target if the uptrend continues
Signs that are confirming the trend:
- Trading volume is low during corrections, but can explode when prices break out.
- RSI is neutral , showing no signs of overbought or oversold.
- The descending wedge pattern can lead to a strong breakout.
Big Mike emphasized: “Bitcoin above $95,000 will trigger a rapid rally to $130,000–$140,000. If $78,000 is broken, the price could drop to $72,000 before a strong rally.”
