CandleFocus $100,000 Bitcoin Likely To Trigger 2025 Altseason, According to Analyst Benjamin Cowen
2024-11-20
Author: Content Editor
Crypto analyst Benjamin Cowen believes that once Bitcoin reaches the $100,000 price point, there may be a shift in focus from Bitcoin to altcoins. Cowen bases his prediction on Bitcoin's Fear and Greed Index, which has recently surpassed 90, indicating "extreme greed" in the market. He suggests that this high level of greed could lead to a potential price correction and a decrease in Bitcoin's dominance. Cowen also suggests that the $100,000 milestone could be a turning point where investors start to shift their interest towards other cryptocurrencies, especially if it coincides with a transition from quantitative tightening to quantitative easing. As of now, Bitcoin is trading at $92,137, up nearly 2% in the past 24 hours.
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