Bitcoin Faces Brutal Pullback, Says Analyst Who Predicted 2021 Peak

Crypto analyst Dave the Wave, known for accurate Bitcoin predictions, warns that BTC may soon correct to around $96,000, aligning with the 0.382 Fibonacci retracement level.

While this pullback may seem bearish to “up only” believers, he sees it as a setup for a major rally to $160,000. He also points to a bullish signal in Bitcoin’s weekly MACD chart and notes BTC’s current consolidation mirrors earlier 2024 patterns that led to breakouts. As of now, Bitcoin trades at $104,755, down 1.1% in the past 24 hours.

Clever Robot News Desk 6^th June 2025