Bitcoin’s Rocky Road Ahead: Analyst Warns Of Post-ETF Price Plunge
Published by
Benzinga
Benzinga
A crypto specialist, known by the pseudonym The Flow Horse, has recently voiced concerns about the imminent future of Bitcoin (CRYPTO: BTC). What Happened: The analyst anticipates a downward trend for Bitcoin in the upcoming period. In a post on X, The Flow Horse posits that the initial excitement over the anticipated approval of a spot Bitcoin exchange-traded fund (ETF) might temporarily boost Bitcoin’s price. However, this analyst predicts a rapid decline following this rise and says that larger washouts are probably coming. The Flow Horse warns that this speculative nature could lead to sig…