$23,000 Bitcoin (BTC) Prediction Changed by Analyst Benjamin Cowen
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In an unexpected twist, a prominent analyst Benjamin Cowen has revised his earlier prediction that Bitcoin (BTC) would plummet to $23,000 by the end of September. As of Oct. 1, Bitcoin is trading at approximately $27,123, defying Cowen's bearish forecast. Cowen, who is generally bullish on Bitcoin, had predicted a significant drop in the cryptocurrency's value. However, the lack of volatility and liquidity in the market seems to have worked in Bitcoin's favor. There simply wasn't enough downward pressure to drive the price to the $23,000 level as Cowen had anticipated,
According to real-time data, Bitcoin is currently trading at $27,123.42 against the U.S. dollar. This price level not only contradicts Cowen's prediction but also suggests a more stable outlook for the digital asset. The market's lack of volatility and liquidity, often seen as negative factors, have ironically acted as stabilizing forces in this instance. These conditions have prevented any drastic downward movements, allowing Bitcoin to maintain its value.
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$23,000 Bitcoin (BTC) Prediction Changed by Analyst Benjamin Cowen
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Sun, 10/01/2023 - 12:27
Arman ShirinyanAnalyst Benjamin Cowen's bearish prediction for Bitcoin hitting $23,000 in September proved to be off mark
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