dailyhodl.com
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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