Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Wave III Could Target $240K, Say Analysts

Bitcoin Wave III Could Target $240K, Say Analysts

CoinomediaCoinomedia2025/11/12 08:09
By:Ava NakamuraAva Nakamura

Analysts suggest Bitcoin may be entering Wave III, aiming for $200K–$240K as sell pressure fades.Why Analysts Believe the Rally Has BegunWhat to Watch Next

  • Bitcoin may be entering Wave III with a $240K target.
  • Analysts note fading sell-side pressure signals bullish momentum.
  • On-chain indicators hint at the start of a strong upward rally.

Bitcoin is once again the center of bullish predictions, with analysts now pointing toward the start of a Wave III expansion. According to recent market analysis, this phase could push Bitcoin’s price toward an ambitious $200,000 to $240,000 range. The signal? A noticeable decline in sell-side pressure paired with strengthening on-chain indicators.

Wave III, based on Elliott Wave Theory, typically marks the most explosive upward move in a five-wave cycle. After months of consolidation and uncertain market direction, Bitcoin appears poised to break out of its range, potentially beginning a powerful surge.

Why Analysts Believe the Rally Has Begun

Analysts have identified key factors that support the beginning of Wave III:

  • Reduced Sell Pressure: Recent data shows a sharp decline in coins being moved to exchanges, suggesting long-term holders are not selling.
  • Strong On-Chain Activity: Metrics such as rising wallet activity and increasing Bitcoin balances in cold storage hint at accumulation rather than distribution.
  • Macro Tailwinds: The weakening dollar and continued institutional interest in crypto could provide additional fuel for the rally.

Furthermore, historical patterns show that once Bitcoin clears major resistance zones with low sell pressure, it often enters an aggressive upward phase — consistent with the characteristics of Wave III.

🔥 UPDATE: Bitcoin may be starting Wave III expansion with a $200K-$240K target as sell-side pressure fades, according to analysts.

What signals confirm the next rally? pic.twitter.com/uJTbtdNMLj

— Cointelegraph (@Cointelegraph) November 12, 2025

What to Watch Next

For traders and investors looking to confirm this bullish wave, key indicators include:

  • A decisive breakout above recent resistance levels (e.g., $75K).
  • Sustained volume during upward moves.
  • A continued drop in exchange inflows from whales.

If these signs hold, the path toward $200K–$240K could become clearer in the coming months, making this a potentially historic phase for Bitcoin.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Update: Major Investors Place Significant Bets on Solana ETFs Amid 30% Price Drop, Challenging the Strength of $130 Support

- Solana's ETFs (BSOL/FSOL) drew $476M in 17 days despite SOL's 30% price drop to $130, signaling institutional confidence. - $130 support level shows buying pressure with RSI rising to 50, though $160 EMA remains a key reentry target for bulls. - On-chain growth (18% active address rise) and projects like GeeFi reinforce Solana's infrastructure, but $140 resistance remains fragile. - Mixed futures signals (5% higher OI, positive funding rates) highlight uncertainty, with $120 as next potential downside ri

Bitget-RWA2025/11/23 16:56
Solana News Update: Major Investors Place Significant Bets on Solana ETFs Amid 30% Price Drop, Challenging the Strength of $130 Support

PEPE Balances on a Fine Line: Key Support at $0.0547 and Resistance at $0.05504 Under Scrutiny

- PEPE cryptocurrency stabilized above $0.0547 support, trading within a narrow range as of mid-November 2025. - Technical indicators show neutral sentiment with RSI at 50.62 and MACD near zero, per xt.com and BitGet analyses. - Whale movements and exchange flows drive volatility, while long-term forecasts range from 140,000% to 28.6 million% gains by 2030-2050. - Market depends on meme culture relevance, institutional adoption, and broader crypto trends like Ethereum's price and ETF regulations.

Bitget-RWA2025/11/23 16:56

Bitcoin Updates Today: Kiyosaki Turns Bitcoin Profits into Ongoing Income, Living by His Own Advice

- Robert Kiyosaki sold $2.25M in Bitcoin at $90,000/coin, reinvesting in surgical centers and billboards for tax-free income. - He aims for $27,500 monthly cash flow by 2026, aligning with his passive-income strategy while maintaining Bitcoin's $250K/2026 price target. - Bitcoin's 33% drop from $126K peaks reflects broader market slump driven by Fed rate uncertainty and offshore trading pressures. - Kiyosaki advocates gold/silver and warns of systemic risks, contrasting with analysts who see intact fundame

Bitget-RWA2025/11/23 16:56
Bitcoin Updates Today: Kiyosaki Turns Bitcoin Profits into Ongoing Income, Living by His Own Advice

Bitcoin Updates: Abu Dhabi and Major Institutions Drive Bitcoin Accumulation Strategy for 2025

- Max Keiser argues Bitcoin is entering a critical accumulation phase, with institutional ETF inflows and Abu Dhabi’s strategic buy-ins signaling potential for a 2025 all-time high. - Technical analysis highlights $84,243 support and $86,700–$89,900 resistance, with sustained ETF inflows potentially pushing BTC past $90,000. - Over 95% of Bitcoin ETF assets are held by investors aged 55+, stabilizing the market during corrections and cushioning declines. - Despite short-term volatility, ETF-driven liquidit

Bitget-RWA2025/11/23 16:56
Bitcoin Updates: Abu Dhabi and Major Institutions Drive Bitcoin Accumulation Strategy for 2025