So there's this Elliott Wave analyst John Glover from Ledn who called for BTC to hit around $140K back in 2025, and honestly the bitcoin price news today shows we're looking at $72.68K in April 2026. Worth digging into what actually happened with that prediction.

Glover was pretty specific in his analysis - he mapped out a 5-wave Elliott structure and said wave iii would peak around $130K before a retrace to $110K in September, then wave v would push to $140K by year-end 2025. The theory itself is interesting: Elliott Wave assumes market moves in predictable fractal patterns based on crowd psychology cycles. Three impulse waves, two retracing waves, rinse and repeat at different scales.

The bitcoin price news today context is interesting because his bear market call for 2026 was the contrarian take. Everyone was talking about institutional ETF adoption breaking the traditional 4-year cycle, but Glover stuck to his thesis that after $140K, we'd see a significant pullback. Looking at where we are now in 2026, that prediction deserves some reflection.

What's worth noting is that Elliott Wave analysis is pattern-based - it works until it doesn't. The methodology has its believers, especially among technical traders, but it's also been wrong plenty of times. Glover's framework was logical, but predicting exact price targets months out is always sketchy.

If you're tracking bitcoin price news today or thinking about longer-term positioning, the lesson here is that even well-reasoned technical analysis can miss the mark. Markets are messier than fractals. That said, understanding how different analysts approach BTC's structure - whether through waves, on-chain metrics, or macro cycles - gives you multiple lenses to evaluate what might come next in 2026.