Analyst’s Bullish Outlook
A popular crypto strategist, The Flow Horse, believes the crypto markets are about to enter a bull market cycle similar to the one witnessed in mid-2020. He shared his insights with his 200,900 followers on X, a social media platform.
The Flow Horse predicts a “craziness period” similar to the bullish price action seen in 2020, when Bitcoin rallied from around $10,000 to $64,000 in less than a year. During this period, the total market cap of altcoins skyrocketed nearly 1,000%.
Accumulating Altcoins
In anticipation of the market-wide rally, The Flow Horse has accumulated a handful of altcoins, including the native assets of smart contract platforms Solana (SOL), Near (NEAR), Sui (SUI), and Avalanche (AVAX). He also added Mina (MINA), Render Token (RNDR), and Wifinity (WIF) to his portfolio.
Bitcoin’s Potential
The trader believes that Bitcoin’s current upward trend will not stop at $50,000. He advises investors to keep an eye on the fastest-moving cryptocurrencies and not try to outsmart the market.
At the time of writing, Bitcoin is trading at $50,032.
Disclaimer
FastPayCrypto emphasizes that the opinions expressed in the article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
