Crypto analyst Benjamin Cowen is warning that Bitcoin may face a similar correction to 2019 after its failed breakout and dip to the $66,000 range. Cowen suggests that Bitcoin may need another rate cut and quantitative easing to push through resistance levels. He also predicts that Bitcoin's dominance in the crypto market may reach 60% before the end of the year. Cowen is closely monitoring the US Dollar Index, as a strengthening dollar could lead to increased selling pressure on Bitcoin and other digital assets.
- Content Editor ( dailyhodl.com )
- 2024-10-21
Analyst Benjamin Cowen Issues Bitcoin Warning As BTC Dips To Start the Week – Here’s His End-of-Year Outlook