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Crypto Trader: Bitcoin Could Dip Below $25K Before Rallying to $40K

• Crypto analyst The Flow Horse has updated his outlook on Bitcoin (BTC) and Dogecoin (DOGE), while noting that rival Shiba Inu (SHIB) “looks mighty attractive” from a high-frequency trading standpoint.
• The Flow Horse warns BTC investors that the current yearly highs may put a roof on price for a while, with any potential breakthrough likely to be a fake out.
• He believes BTC could dip down toward the $25,000-$26,000 range before rallying back up to $40,000.

Crypto Trader Updates Outlook on Bitcoin

A widely followed crypto analyst says that Dogecoin (DOGE) rival Shiba Inu (SHIB) looks appealing while updating his outlook on the king crypto. Pseudonymous crypto trader The Flow Horse, also known as Cantering Clark, tells his 180,600 Twitter followers that SHIB’s chart “looks mighty attractive” from a high-frequency trading standpoint while warning bullish investors that Bitcoin (BTC) could stagnate for a while before rising.

Potential Fake Out Ahead

The analyst goes on to say that he believes the crypto king will dip down toward the $25,000-$26,000 range before rallying back up to the $40,000 price level. He adds that the market shows that BTC may have found its ceiling this year and any breakthrough could be a fake out.

Current Price of Bitcoin

At time of writing Bitcoin is trading for $29,236 at time of writing, which is fractional decrease during the last 24 hours.

Price of Shiba Inu

Shiba Inu is trading for $0.000009 at time of writing ,which is 4.6% increase during last day .

High Frequency Trading Standpoint

The Flow Horse says SHIB’s chart “looks mighty attractive” from a high-frequency trading standpoint and advises long investors to buy above 779$.