Prominent Trader Raises Concerns Over Crypto Market, Predicts Coming Correction
In a recent update shared on the social media platform X, a well-known analyst by the pseudonym “The Flow Horse” has alerted crypto enthusiasts that the current market rally may soon come to an end. This warning comes at a time when traders are seemingly exuberant following the positive momentum witnessed over the past few weeks.
Although Bitcoin (BTC) is expected to experience one last upward movement, The Flow Horse believes that a temporary top is on the horizon. The analyst suggests that this period of correction could last for months but does not foresee a prolonged downturn.
Additionally, The Flow Horse points out that there are signs indicating a potential consolidation phase, particularly considering the upcoming Nvidia GTC, a global conference centered around artificial intelligence. The analyst predicts that the AI crypto sector, currently overshadowed by “memecoins,” could experience a significant surge in anticipation of this event.
As the market awaits further developments, traders should remain cautious and closely monitor these trends. The Flow Horse’s insights shed light on the potential shifts and opportunities that lie ahead in the crypto landscape.
Disclaimer: This article is a general opinion piece and should not be considered financial advice. Please consult with a professional financial advisor before making any investment decisions.