The Bitcoin Rollercoaster: $90K or $70K, Who Knows?!

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According to a trader who might just have the world’s greatest name (Flow Horse, no less), Bitcoin BTC is apparently eyeing a trip back to the $70,000 range, despite the fact that it might have a cheeky little rally to the mid-$90,000s first. You know, just to keep us all on the edge of our seats. 🤑

Still Bearish: BTC’s Grand Return to the $70Ks

Now, before you start shouting “To the moon!” like some overzealous crypto fan at a rave, let’s take a step back. Despite Bitcoin bouncing off a rather cozy $74,000, Flow Horse remains unconvinced that the bear market is over. Apparently, the digital coin isn’t ready to settle down just yet.

“Oh, it’ll definitely be visiting the $70,000s again,” Flow Horse wrote, the confidence of a fortune teller who’s seen this movie one too many times. Sure, it’s bouncing up and down like a nervous kangaroo on a trampoline, but that doesn’t mean it’s ready for a long-term commitment. Not yet, at least.

Just a quick thought about Bitcoin, you know…

“I think BTC will definitely visit the 70s again.”

If it can hang onto $88,000, we might see a glorious run to the $94,000 to $95,000 range. This is a pattern that’s all over the charts. But if it doesn’t hold those levels… well, prepare for some potential heartbreak.

— HORSE 🏴‍☠️ (@TheFlowHorse)

It’s not just wishful thinking—Flow Horse is watching some “running diagonals” and key moving averages like a hawk. Theoretically, this could push BTC up to those stratospheric highs. But, oh wait—what happens if Bitcoin doesn’t quite keep its footing? Oh, the drama!

Short-Term Bounce? Is $90K+ Really On the Horizon?

As if this wasn’t already enough excitement, Flow Horse seems to be playing the role of optimistic cynic here. For the next few days, the bulls have a chance to prance about happily, at least until something goes terribly wrong. Which, in crypto, is almost a certainty. 🚀

“If BTC can maintain a bid at $88,000,” he muses, “then we could easily see it rocketing to the $94,000 to $95,000 range.” In short, it’s the classic “let’s hope for the best and prepare for the worst” strategy. Oh, crypto… never change.

This little bit of good news gives swing traders a tiny glimmer of hope, but they should be extra careful. The market has a habit of turning on a dime. Think of it like stepping into a carnival funhouse: exciting, sure, but who knows what’s lurking behind the next turn?

Trump, Powell, and the “Clown World” Risk

And just when you thought this couldn’t get any more bizarre, here comes Flow Horse with some macro-political commentary. Apparently, if Donald Trump wins the 2024 U.S. election and boots Federal Reserve Chair Jerome Powell out the door, things might get… interesting.

“If by some miracle he manages to fire Powell… well, it’s market nuke time.” Sure, this is a long shot and most likely won’t happen (legal hurdles, politics, etc.), but even the thought of it could send shockwaves through crypto. Because why wouldn’t the digital market go absolutely bananas at the mere suggestion of chaos? It’s not like it hasn’t done that before, right? 😬

The Big Picture: Hold Onto Your Hats

So, what’s the takeaway from all of this? Bitcoin has already had a rollercoaster of a year, but according to Flow Horse, the ride isn’t over. A push to $90K+ is still possible, but if global markets decide to throw a tantrum, BTC might find itself crawling back to those sub-$80K depths again. Keep your seatbelt fastened, folks, it’s going to be a bumpy ride.

Bitcoin global markets

With patterns, momentum, and a side of political theater, the next few weeks could be volatile. So if you’re a savvy trader, stay nimble. Or just grab some popcorn and enjoy the show. Either way, it’s going to be entertaining. 🍿

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2025-04-19 13:09