Top Trader Warns BTC Likely Set To Trade Lower, Says Big Ships Turn Slowly – Here’s What He Means

Top Trader Warns BTC Likely Set To Trade Lower, Says Big Ships Turn Slowly – Here’s What He Means


A closely followed crypto analyst and trader is warning that Bitcoin (BTC) could correct deeper in the near term.

Pseudonymous trader The Flow Horse tells his 220,900 followers on the social media platform X that he believes Bitcoin may decline to the lower $50,000 range.

“Unhedged some 20% of those $69,000 sells because although I think we go deeper, I know the only prices I can guarantee are the present.

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If we have a strong reclaim above $60,000, I will long it all with extra exposure. If we continue down toward low $50,000s, I will tranche buys and evaluate on the fly.

My strongest belief is that the next bear market after-the-next takes place higher than where we are here.”

The analyst

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