The cryptocurrency market is currently poised for a bullish continuation, according to a top crypto strategist, even with Bitcoin (BTC) trading below $100,000. The Flow Horse, a pseudonymous analyst with a large following on X, believes that Bitcoin and altcoins have the potential to experience significant surges in the coming weeks.
In a recent tweet, The Flow Horse stated, “The window of opportunity is between now and the second week of January for things to pop.” This optimistic outlook is fueled by the anticipation that the incoming Donald Trump administration will be favorable for the crypto industry. Trump has indicated a more positive stance towards cryptocurrencies, suggesting the establishment of a Bitcoin treasury to help address the country’s financial challenges.
However, The Flow Horse cautions that this window for crypto rallies may close shortly after Trump’s inauguration on January 20th, 2025. He believes that the market may have overestimated the impact of Trump’s policies, leading to a potential correction as reality sets in.
The analyst also warns of a possible local top in the crypto market around the time Trump begins his second term as US president. He emphasizes the importance of understanding the macroeconomic landscape, pointing out that capital is still relatively expensive compared to the previous cycle.
Despite the current price of Bitcoin at $94,455, The Flow Horse advises caution and suggests that investors should have a clear thesis for how this cycle will surpass the previous one without the same level of support from credit markets.
In conclusion, the cryptocurrency market is at a critical juncture, with potential for both significant gains and risks. It is essential for investors to stay informed and vigilant in their decision-making processes. Stay tuned for more updates and analysis on the evolving crypto landscape.
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