CandleFocus Benjamin Cowen Issues Bitcoin Alert, Says Potential Plunge ‘That Scares People’ Incoming – Here’s His Outlook
2024-11-07
Author: Content Editor
Analyst Benjamin Cowen predicts a potential bearish scenario for Bitcoin after the US general election. He suggests that there could be a drop in early December, possibly around the time of the labor market release. Cowen expects the drop to be between 12% to 46% from the current level. However, he remains unsure whether Bitcoin will back-test around $65,000 or $40,000 before going up. Despite the potential correction, Cowen believes it could be temporary and that Bitcoin may rally to new all-time highs in 2025. At the time of writing, Bitcoin is trading at $73,813, down about 2% from its all-time high.
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