A top cryptocurrency strategist believes the digital asset market is positioned to remain strong even with Bitcoin (BTC) trading below $100,000.
Household analyst The Flow Horse told his 251,400 followers on social media platform X that he believes the door is open for Bitcoin and altcoins to surge.
“The window of opportunity is between now and the second week of January.”
The analyst’s forecast stems from the belief that traders believe the incoming administration of President Donald Trump will be incredibly bullish on cryptocurrencies. Trump has signaled that the U.S. government’s anti-cryptocurrency agenda will end under his administration, and has even proposed a Bitcoin vault to help clean up the country’s finances.
However, the analyst emphasized that the cryptocurrency rally period he predicted would end just days before President Trump’s inauguration. He argues that traders are likely to get a rude awakening after Trump takes over the White House on January 20, 2025.
“The market should have somewhat priced in the most fairytale scenario, where the U.S. establishes Bitcoin reserves and Lummis’ bill passes smoothly.
However, such optimistic positioning is likely to fade as reality sets in. Especially as it becomes clear that Trump will face significant resistance in pursuing many of his plans.
This is a good thing.”
The analyst also warned that he thinks the cryptocurrency will print local highs around the time Trump officially begins his second term as US president.
“It seems like no one is open to the idea that we are very close to a good normal (a few weeks to a quarter).
“People think the market should go up because of Trump.”
Looking at the macro picture, The Flow Horse says capital remains expensive compared to the 2020 cycle, when the Federal Reserve had to cut interest rates close to zero due to the COVID-19 pandemic.
“If you believe this cycle will significantly outperform previous cycles, you need to have a clear thesis explaining how you achieve that without the support of robust credit markets that helped previous cycles.”
As of this writing, Bitcoin is trading at $94,455.
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