Widely running cryptocurrency analysts and traders believe Bitcoin (BTC) is still not in the woods, despite rising from around $74,000 from its 2025 low.
An analyst known as The Flow Horse tells 267,200 followers of social media platform X that he expects Bitcoin to reconsider price levels below $80,000.
However, traders say current Bitcoin bounces can take over $90,000 BTC before the expected legs last.
“BTC definitely visits $70,000 again. A good deal I almost certainly sell is if the price can be bid at $88,000. Take it to the middle of $90,000. There’s a diagonal running and there’s a few average movements that everyone is looking at.
Traders also emphasize that if President Trump somehow fires Federal Reserve Chairman Jerome Powell, it would be devastating for risky assets such as Bitcoin and crypto.
“If we could launch Powell on some scale given Trump’s language (this might not be possible, but now we’re thinking about the world of humans, clowns), we’re selling nuclear weapons.”
Flowhorse also says he has not been exposed to Bitcoin or stocks and believes the current rally will be short-lived.
“Thinking about trends is your friend and the gatherings are still for sale.”
Bitcoin is trading at $84,490 at the time of writing.
Generated Image: Midjourney
