An experienced crypto trader warns that the recent surge in altcoin prices will be brief.
The Flow Horse is a pseudonymous expert tells His 266,500 subscribers on social media platform X, that he believes crypto is still bearish. The latest rally may lead to another leg downward.
The analyst believes that the bullish crypto market structure has not been altered by the current rebound.
“Bearish remains on high time until proven to be otherwise.
The markets are going to continue to be bad for a few more months. I don’t think this is anything other than a relief rally.
“Chart is still broken.”
A trader explains his bearish view on cryptocurrency says Telegram’s instant message platform has confirmed that Bitcoin will continue to fall if the trend continues.BTCThe ) converts an important price range into support.
As I mentioned the other day, the price correction is likely to be more a function of time rather than the current market rate.
The FARTCOIN market is still a hot topic.
“Because it’s a Bitcoin macro-trend, there’s no reason to think that will change. Any success for alts depends on whether BTC is able to turn the $90,000-$93,000 support level into a trend.”
Bitcoin currently trades for $88,813.
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Source: dailyhodl.com
