Bitcoin Faces Further Declines Despite Recent Recovery, Analyst Warns

A prominent cryptocurrency analyst and trader, known by the pseudonym the Flow Horse, has issued a warning that Bitcoin (BTC) is likely to experience further declines despite its recent recovery from a 2025 low of approximately $74,000. The analyst, who has a significant following of 267,200 on the social media platform X, predicts that Bitcoin will revisit price levels below $80,000.

The trader anticipates that the current Bitcoin rally could push the price above $90,000 before a downward trend resumes. According to the Flow Horse, a good trading opportunity would be if the price can remain supported at $88,000, which could potentially drive it to the mid-$90,000s. The trader also notes the presence of a running diagonal and several moving averages that are being closely watched by market participants, suggesting potential momentum opportunities on the other side.

In addition to his price predictions, the Flow Horse highlights a potential risk factor for Bitcoin and other risk assets. He warns that if President Trump were to fire Federal Reserve Chair Jerome Powell, it could have catastrophic effects on the markets. The analyst acknowledges the improbability of this scenario but emphasizes the current volatile and unpredictable market environment.

The Flow Horse has disclosed that he currently has no exposure to Bitcoin or equities and believes that the recent rallies will be short-lived. He advises that the trend is still bearish and that rallies should be viewed as selling opportunities. At the time of writing, Bitcoin is trading at $84,490.