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 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.

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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.