dailyhodl.com
A closely followed crypto strategist believes that one more parabolic rally is in store for Bitcoin ($BTC) this cycle.
Pseudonymous analyst Jack tells his 268,600 followers on X that he doesn’t expect the Federal Reserve to cut interest rates at Wednesday’s meeting, despite oil falling below $60 – a level he says reflects “bad financial conditions.”
Oil is trading at $59.77 at time of writing, down over 22% from its 2025 opening price of $77.46. Crashing oil prices typically signal demand destruction and a weakening global economy.
According to the analyst, the gloomy macroeconomic backdrop sets up the “perfect trade” for $BTC.
“How does Bitcoin perform here?
Best guess is it follows equities but decouples and recovers quickly. Take gold as an example in March 2020: a short, shallow crash, and then the start of the steepest phase of its parabolic trend. It would be the perfect trade and could be the base for a mind-blowing rally.”
In March 2020, gold lost nearly 15% of its value before igniting a 43% surge in just five months.
Zooming in on Bitcoin, Jack says $BTC needs to stay above $93,000 to avoid witnessing another corrective move.
“Low time frame $BTC bulls don’t want to see price at X again. Otherwise, I expect a flush.”
At time of writing, Bitcoin is trading for $96,791, up over 2% in the past day.
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