Cryptocurrency is a high-risk asset class, and investing carries significant risk, including the potential loss of some or all of your investment. The information on this website is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. For more details, please read our editorial policy.
Analyst Predicts Short-Term Dip Before Bitcoin Targets $160K
June 6, 2025 16:00 1 min. readWe may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
A well-followed crypto market analyst known for accurate Bitcoin forecasts suggests the top cryptocurrency may be gearing up for a temporary pullback before setting the stage for a major rally.
According to the pseudonymous chartist Dave the Wave, Bitcoin could slide toward the $96,000 zone—just above a key Fibonacci support level—before resuming its long-term uptrend. While the prediction may unsettle ultra-bullish investors, he argues that such a retracement would provide a healthy setup for a move toward $160,000.
Technical indicators are aligning with this outlook. On the weekly chart, Bitcoin’s MACD (Moving Average Convergence Divergence) remains in bullish territory, hinting that any downside could be limited and part of a broader trend continuation. A daily chart also suggests BTC is mirroring past 2024 behavior, consolidating within a range before breaking higher.
At the time of writing, Bitcoin is trading around $104,755, down 1.1% over the last 24 hours. Despite the slight dip, the analyst sees this as a potential setup for the next leg up—if historical patterns hold.
More from Bitcoin Analysis
Is Bitcoin Headed for a Repeat of 2021? Analysts Sound the Alarm as Price Stalls
Bitcoin’s prolonged sideways movement near $105,000 has sparked comparisons to the 2021 market peak, with concerns growing that history may be repeating itself. Veteran trader Peter Brandt has drawn attention to the eerie similarities between current price action and the distribution phase that preceded Bitcoin’s dramatic collapse from $69,000 to $15,500 just a few years […]
Analyst Warns Bitcoin May Stall at $90K Before Pushing Higher
A prominent crypto analyst known for accurately predicting the 2021 market downturn is urging caution as Bitcoin flirts with higher levels. Instead of expecting a straight shot to new highs, the trader suggests a sharp but temporary cooldown may come first. Posting under the alias Dave the Wave, the analyst told his followers on social […]
Here’s Why Bitcoin Could Break $100K Sooner Than You Think
Bitcoin’s recent performance has renewed investor optimism, with the asset climbing 13% over the past month. Although it hasn’t yet broken the $100,000 threshold, several key indicators suggest a return to previous highs could be on the horizon. One of the clearest signs of growing confidence is the continued drop in exchange-held Bitcoin. When fewer […]
Bitcoin Poised for Breakout as Historic Pattern Points to $150K Target
Bitcoin may be gearing up for a powerful move that could push its price into six figures, potentially soaring beyond $150,000—if a long-standing market pattern continues to unfold as expected. A technical setup observed by the analyst TradingShot suggests that Bitcoin is once again mirroring a signal that has historically preceded each of its major […]
Popular News
-
1
Is Bitcoin Headed for a Repeat of 2021? Analysts Sound the Alarm as Price Stalls
16.06.2025 16:00 2 min. read -
2
Bitcoin Poised for New Highs? Analyst Says $101K Is the Key
22.02.2025 16:00 1 min. read -
3
Bitcoin Set for Six-Figure Surge, But Expect a Pullback First
28.03.2025 11:00 2 min. read -
4
Bitcoin’s Bullish Pattern Might Be a Trap, Warns Veteran Trader
30.03.2025 22:00 1 min. read -
5
Bitcoin Poised for Breakout as Historic Pattern Points to $150K Target
13.04.2025 8:00 2 min. read