🚨 Benjamin Cowen raises the warning level: Could we see Bitcoin at $58,000?
This time, it’s not just a red candle on the chart! 👀
Renowned analyst Benjamin Cowen believes Bitcoin could face another downward wave, especially if the Nasdaq continues to fall and returns to its summer lows.
📉 Cowen’s key points:
🔻 $58,000: A possible scenario for Bitcoin if the Nasdaq’s decline extends to its previous lows.
🔻 Weakness in U.S. stocks could also put pressure on the crypto market.
🔻 Cowen points to the experience of 2018, when markets fell after the U.S. midterm elections.
🧠 But there’s another important angle:
In his analysis of the Bitcoin cycle, Cowen believes the market is approaching the time window in which previous cycles formed their bottoms.
🎯 The takeaway:
We’re entering a phase that calls for patience and discipline—not chasing every green bounce.
The $58,000 zone could be an opportunity for those with a plan and liquidity, and a tough test for those who invested all their capital.
The question now: Has Bitcoin really neared its bottom, or is the market still hiding another leg down? 👇
$BTC
#Bitcoin #BTC #BenjaminCowen #CryptoNewss
This time, it’s not just a red candle on the chart! 👀
Renowned analyst Benjamin Cowen believes Bitcoin could face another downward wave, especially if the Nasdaq continues to fall and returns to its summer lows.
📉 Cowen’s key points:
🔻 $58,000: A possible scenario for Bitcoin if the Nasdaq’s decline extends to its previous lows.
🔻 Weakness in U.S. stocks could also put pressure on the crypto market.
🔻 Cowen points to the experience of 2018, when markets fell after the U.S. midterm elections.
🧠 But there’s another important angle:
In his analysis of the Bitcoin cycle, Cowen believes the market is approaching the time window in which previous cycles formed their bottoms.
🎯 The takeaway:
We’re entering a phase that calls for patience and discipline—not chasing every green bounce.
The $58,000 zone could be an opportunity for those with a plan and liquidity, and a tough test for those who invested all their capital.
The question now: Has Bitcoin really neared its bottom, or is the market still hiding another leg down? 👇
$BTC
#Bitcoin #BTC #BenjaminCowen #CryptoNewss