A widely followed cryptocurrency analyst and trader believes that Bitcoin (BTC) is not yet out of the woods despite rising from a 2025 low of around $74,000.
The analyst, pseudonymously known as the Flow Horse, tells his 267,200 followers on the social media platform X that he believes Bitcoin will revisit price levels below $80,000.
But the trader says the current Bitcoin bounce could take BTC above $90,000 before his expected leg down ensues.
“Think BTC definitely visit $70,000s again. Think a good trade that I would almost certainly sell is if price can remain bid at $88,000. That probably takes us to mid-$90,000s. There is a running diagonal, and a couple of moving averages that everyone is looking at. Momentum opportunities exist on the other side.”
The trader also highlights that if President Trump somehow manages to fire Federal Reserve Chair Jerome Powell, it would be catastrophic for risk assets like Bitcoin and crypto.
“Given Trump’s language, if by some measure he is able to boot Powell (Think this might be impossible, but man, clown world right now..) markets nuke.”
The Flow Horse also says he has zero exposure to Bitcoin or equities and thinks that the current rallies will be short-lived.
“Thinking the trend is your friend and rallies are for selling still.”
Bitcoin is trading at $84,490 at time of writing.
Generated Image: Midjourney
