[ad_1]
A closely followed crypto strategist believes that one more parabolic rally is in store for Bitcoin (BTC) this cycle.
Pseudonymous analyst Jack tells his 268,600 followers on X that he doesn’t expect the Federal Reserve to cut interest rates at Wednesday’s meeting, despite oil falling below $60 – a level he says reflects “bad financial conditions.”
Oil is trading at $59.77 at time of writing, down over 22% from its 2025 opening price of $77.46. Crashing oil prices typically signal demand destruction and a weakening global economy.
According to the analyst, the gloomy macroeconomic backdrop sets up the “perfect trade” for BTC.
“How does Bitcoin perform here?
Best guess is it follows equities but decouples and recovers quickly. Take gold as an example in March 2020: a short, shallow crash, and then the start of the steepest phase of its parabolic trend. It would be the perfect trade and could be the base for a mind-blowing rally.”
In March 2020, gold lost nearly 15% of its value before igniting a 43% surge in just five months.
Zooming in on Bitcoin, Jack says BTC needs to stay above $93,000 to avoid witnessing another corrective move.
“Low time frame BTC bulls don’t want to see price at X again. Otherwise, I expect a flush.”
Source: Jack/X
At time of writing, Bitcoin is trading for $96,791, up over 2% in the past day.
Generated Image: Midjourney
[ad_2]
