A prominent crypto analyst has issued a stark warning of a potential 10% correction for Bitcoin, even as a new price roadmap projects a staggering surge toward $90,000. The forecast, released today, hinges on critical catalysts including current price action and the emerging Elliot Wave structure, presenting a volatile but ultimately bullish outlook for the flagship cryptocurrency.

Bitcoin Price Roadmap To $90,000

Rawl, a crypto market expert on X, has presented a new price analysis of Bitcoin, outlining in detail how the cryptocurrency can return to $90,000 and what traders should expect in the coming weeks and months. The analyst noted that, so far, Bitcoin has been following an expected plan, suggesting that the recent pullbacks, rebounds, and other price changes were normal reactions. 

He said that although the market’s timeline has been the only surprise, the cryptocurrency’s structure is what truly matters. Rawl stated that, following Bitcoin’s price crash to $60,000 in February, which marked its lowest level since its 2025 all-time high, the cryptocurrency needed two more waves to complete its corrective structure.

As expected, Bitcoin went on to form Wave 4 and Wave 5 in its Elliott Wave setup, completing the full corrective Wave C chart structure. He added that BTC’s previous pullback to $63,000 counted as one wave and officially confirmed the final downward move.  

Since then, Rawl noted that the market has rebounded, starting a new bullish Elliott Wave phase. In this fresh setup, the analyst stated that Bitcoin has already printed Wave 1 and Wave 2, with the market presently in a choppy range around $65,000 ahead of its next two waves to the upside. 

He explained that once these waves complete, Bitcoin could rise quickly toward $90,000 to $96,000. After hitting that level, he expects it to move sideways for a few weeks before declining again as it enters a new corrective ABC wave, likely around the time a new Federal Reserve chair replaces Jerome Powell. He described this correction as a bullish move, noting that it could persist until the upcoming FOMC meeting in June. 

The analyst noted that the price action following the FOMC could complete the first corrective Wave C, allowing the market to resume its uptrend. Alternatively, Bitcoin could drop one more time toward the $71,000 to $74,000 range, forming the next Wave 2 before a larger rally begins. 

Rawl confidently stated that Bitcoin has an 80% chance of reaching a new all-time high this year. He noted that the remaining 20% possibility suggests that price could rise to the $116,000 to $125,000 range below its current cycle top.   

Analyst Outlines Other Likely Path For Bitcoin Price

Although Rawl strongly believes in the roadmap he outlined above, he acknowledged that a less likely scenario is that Bitcoin could experience a deeper pullback between May and June, falling below $74,000 and possibly crashing to $55,000. 

Because of this risk, the analyst recommends taking profits of 20-30% around the $90,000 range, then gradually buying back 10-15% of that position if Bitcoin dips to $74,000, and the rest if the price falls to $55,000 in June or by Q1 2027. Regardless of what happens to Bitcoin, the analyst still believes the cryptocurrency could hit an all-time high afterward. 

Featured image from Pexels, chart from TradingView