Former Barclays Executive: Bitcoin May Have Completed the 'Correction Wave', Expected to Rise to $125,000 Historic High in Q1

【Former Barclays Executive: Bitcoin May Have Completed the 'Correction Wave', Expected to Rise to $125,000 Historic High in Q1】 According to a report by Golden Finance, John Glover, former Managing Director of Barclays Investment Bank, stated that based on the technical analysis tool Elliott Wave Theory, Bitcoin is expected to break through $125,000 in the first quarter of 2025. He noted that earlier this week, we saw Bitcoin drop below $92,000, but it may have completed the correction wave. If Bitcoin breaks through $125,000, it may experience another pullback before heading towards the cycle peak around $160,000. It is reported that the Elliott Wave Theory posits that asset prices consist of five waves that align with the major trend direction and three corrective waves that oppose the trend in each cycle, with each corrective wave followed by a wave that aligns with the major trend direction.