đ¨ BEN COWEN ADMITS: âI WAS WRONGâ ABOUT BITCOIN
Benjamin Cowen, the founder of Into The Cryptoverse, has publicly admitted that his Bitcoin forecast was wrong and said he will not provide reasons to justify it.
For months, Cowen relied heavily on a 4-year cycle model and previously suggested that BTC might still have another down leg before entering a recovery phase, with a bottom forming in Q4, even around October.
When BTC surpassed 85,000 USD, he officially changed his stance and acknowledged that his earlier prediction did not play out as expected.
Personal viewpoint:
The noteworthy point isnât whether a trader or analyst is right or wrong, but that the real market can always deviate from historical models.
The 4-year cycle can still be a useful reference tool, but it shouldnât be viewed as a fixed rule. When price structure and capital flows change, the scenario also needs to be updated.
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Benjamin Cowen, the founder of Into The Cryptoverse, has publicly admitted that his Bitcoin forecast was wrong and said he will not provide reasons to justify it.
For months, Cowen relied heavily on a 4-year cycle model and previously suggested that BTC might still have another down leg before entering a recovery phase, with a bottom forming in Q4, even around October.
When BTC surpassed 85,000 USD, he officially changed his stance and acknowledged that his earlier prediction did not play out as expected.
Personal viewpoint:
The noteworthy point isnât whether a trader or analyst is right or wrong, but that the real market can always deviate from historical models.
The 4-year cycle can still be a useful reference tool, but it shouldnât be viewed as a fixed rule. When price structure and capital flows change, the scenario also needs to be updated.
đ HOT COINS TRADING HERE đ
$KERNEL
$FORM
$PHA
