An experienced cryptocurrency analyst and trader has expressed cautious optimism regarding the current state of Bitcoin (BTC), despite its recent recovery from a low of around $74,000 in 2025.
Known as the Flow Horse, the analyst predicts that Bitcoin may dip below $80,000 again before potentially surpassing $90,000 in a temporary bounce.
According to his analysis, the Flow Horse suggests that there is a possibility for Bitcoin to retest the $70,000 range. However, he also sees potential for a short-term rally if Bitcoin can maintain strong support at $88,000, pushing the price into the mid-$90,000s. The trader emphasizes the importance of monitoring key technical indicators such as running diagonals and moving averages for potential trading opportunities.
Additionally, the trader warns of potential market volatility if President Trump were to remove Federal Reserve Chair Jerome Powell from his position, which could negatively impact risk assets like Bitcoin and other cryptocurrencies.
Referring to his recent statements, the Flow Horse reveals that he currently has no exposure to Bitcoin or equities and remains skeptical of the sustainability of the current market rallies.
As of the time of writing, Bitcoin is trading at $84,490.
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Image Credit: Midjourney
