Veteran trader and market analyst Alessio Rastani states that Bitcoin is poised for a short-to-medium-term rally within the next three to six months, but will face challenges thereafter. He believes that Bitcoin has completed a five-wave bull cycle, and according to Elliott Wave theory, typically retraces to the previous wave 4 level, which is the $20,000 to $25,000 range. Rastani anticipates this decline to occur by the end of 2027, linking it to his expectation that the S&P 500 might peak at 8,000 points between late 2026 and 2027 before entering a bear market, suggesting that a stock market downturn would drag Bitcoin down with it.