A closely followed crypto trader believes Bitcoin (BTC) may soon hit a new all-time high (ATH) due to one key factor.
Pseudonymous trader The Flow Horse tells his 201,400 followers on the social media platform X that Bitcoin may attract liquidity from other digital assets as it trades near $52,000, giving it more bullish momentum.
“25% off the highest weekly close for BTC. Being this close creates a certain gravitational pull that will suck out liquidity from other assets as people pile in. A new all-time high is a forgone conclusion. Just a matter of when, not if at this point.”
Looking at his chart, the trader suggests Bitcoin will soon reach the $66,063 level, a more than 27% gain from its value of $51,791 at time of writing.
Next up, the trader is turning bullish on the native token of the non-fungible token (NFT) marketplace and aggregator platform Blur (BLUR).
“A few things that look like they are about to rip much higher. I don’t even care for NFTs but I know a lot of other people do. Waiting for BLUR to send. Things that touch $8s end up hitting $10s. e.g.
The $0.80 to $1 will be an easy trade.”
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Source: The Flow Horse/X
Blur is trading for $0.73 at time of writing, down more than 1% in the last 24 hours.
The trader is also bullish on the native token of modular blockchain Dymension (DYM), predicting a more than 28% gain from its current value as trading volume increases.
“I think that DYM trade I talked about last night in the stream is setting up here. Early hedgers probably close out soon. Spot volume picking up. Should be a very easy play to $10 if you are just considering the most obvious move. Higher prices in these conditions are probably a given but the easy trades are worth pointing out.”
Dymension is trading for $7.77 at time of writing, down nearly 6% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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