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Analyst Warns Bitcoin May Stall at $90K Before Pushing Higher
May 20, 2025 20:00 2 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 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 platform X that Bitcoin is more likely to dip toward the $90,000 range before beginning its next major rally — which he sees potentially topping out near $160,000 by September.
We all want #btc price higher here and now.
But if I were a betting man, I’d say the orange not the yellow. pic.twitter.com/QnjkO0PSTl
— dave the wave🌊🌓 (@davthewave) May 17, 2025
He argues that while explosive upward moves often grab headlines, Bitcoin’s corrections tend to be more drawn-out and psychologically exhausting. These periods of sideways action or slow decline, he notes, often shake out impatient traders and generate pessimism just before momentum returns.
Drawing from his newsletter insights, Dave the Wave emphasized the need for endurance during consolidation phases. “Markets rarely move in a straight line. What looks like a stall to most often sets the stage for the next breakout,” he wrote.
While many are hoping for immediate price surges, the analyst suggests that a contrarian mindset — embracing dips rather than fearing them — may serve investors best as Bitcoin prepares for what could be its next leg up.
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