🚨 BENJAMIN COWEN: BITCOIN REPLICATES THE BOTTOMING PATTERN OF PREVIOUS BEAR MARKETS 📈📊
The well-known analyst highlights the recovery of the key 20- and 50-week moving averages as a sign of structural strength.
Key points from the macro and technical analysis:
📐 Technical confirmation: Moving above the 20- and 50-week moving averages marked the end of the capitulation phase in historical cycles.
🛡️ Solid bottom: The formation of new lows below the consolidation zone is ruled out, even in the event of a correction between $85K and $90K USD.
🏛️️ Bond market peak: The 10-year Treasury yield is expected to peak at 5.3% before mid-November, which would ease pressure on risk assets.
Do you think the recovery of the weekly moving averages confirms the start of a new structural bull phase for Bitcoin?
💬👇 I’d love to hear your thoughts in the comments!
#Bitcoin #TechnicalAnalysis #Macroeconomics #Fed #CryptoCommunity
$BTC
$BNB
$ETH
The well-known analyst highlights the recovery of the key 20- and 50-week moving averages as a sign of structural strength.
Key points from the macro and technical analysis:
📐 Technical confirmation: Moving above the 20- and 50-week moving averages marked the end of the capitulation phase in historical cycles.
🛡️ Solid bottom: The formation of new lows below the consolidation zone is ruled out, even in the event of a correction between $85K and $90K USD.
🏛️️ Bond market peak: The 10-year Treasury yield is expected to peak at 5.3% before mid-November, which would ease pressure on risk assets.
Do you think the recovery of the weekly moving averages confirms the start of a new structural bull phase for Bitcoin?
💬👇 I’d love to hear your thoughts in the comments!
#Bitcoin #TechnicalAnalysis #Macroeconomics #Fed #CryptoCommunity
$BTC
$BNB
$ETH
