Bitcoin to Crash to $20,000 by 2027 Before Reaching $1 Million

Renowned market analyst Alessio Rastani believes that Bitcoin could drop to $20,000 by the end of 2027 before eventually reaching $1 million. In an interview with Cointelegraph, Rastani noted that Bitcoin may stage a temporary rally over the next three to six months but will likely decline again.

According to Rastani's analysis, which draws partly on an Elliott Wave interpretation from Robert Prechter, completing a five-wave advance can precede a larger correction toward the previous fourth-wave region. This could lead to a major decline, potentially down to $3,500, but Rastani doesn't expect such an extreme outcome.

Instead, he sees $20,000-$25,000 as a more realistic downside target by 2027. BTC is currently holding around its 21-period quarterly exponential moving average, which could provide support for another short-to-medium-term recovery.