Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Top Trader Issues Bitcoin Warning, Predicts BTC Collapse Due to Weakness and Widening Consolidation
ALTCOIN NEWS

Top Trader Issues Bitcoin Warning, Predicts BTC Collapse Due to Weakness and Widening Consolidation

By Crypto FlexsJune 24, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Top Trader Issues Bitcoin Warning, Predicts BTC Collapse Due to Weakness and Widening Consolidation
Share
Facebook Twitter LinkedIn Pinterest Email

Closely watched traders believe that Bitcoin’s key support level will collapse before BTC witnesses another uptrend.

Flow Horse, a pseudonymous analyst, told his 219,400 followers on social media platform

“My honest opinion is that I will extend my assertion from earlier this week that perhaps over time (next months) we will be closer to the bottom, but the price will not… I am fairly confident that Bitcoin will trade below $.60,000 again.

I know we are still mid-level, but consolidation and weakness for this long without a close tailwind and already declining demand almost always resolves to the downside before rising again.”

Flow Horse has previously said that he believes both Bitcoin and Ethereum (ETH) are “setting bear traps,” or fooling short sellers by making it look like the assets are in a sustained downtrend before triggering a major uptrend.

However, while the analyst believes that an uptrend is expected for the two major cryptocurrency assets, he predicts that the uptrend for BTC and ETH will be short-lived.

“This is about Bitcoin and ETH. (Think of it as likely) that (they) will hit bottom in the near future before they bounce back and die.”

As of this writing, Bitcoin is trading at $64,338 and Ethereum is trading at $3,500.

He added that the short-term bullish stance on BTC and ETH also applies to the broader altcoin market.

“It makes sense to be bearish on alternatives over the medium to long term, but it’s worth noting that they peaked *months* ago and collective sentiment is now catching up. “That means we’re getting closer to a temporary bottom and more importantly, we’re going to see another bounce.”

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Bitcoin is poised to reverse a two-week decline, but there’s a problem.

June 3, 2024

Encryption Inheritance Update: DC Blockchain Summit

April 9, 2025

Cardano’s Voltaire era is coming with a hard fork in June.

June 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.