Market News / Story
Bitcoin’s Rally Above $80,000 Could ‘Wreck a Lot of People,’ Analyst Warns
Benzinga ·
Benzinga reports: Prominent analyst Benjamin Cowen warns Bitcoin’s breakout above its prior trading range could be a fakeout, one that sets up the same Q4 weakness he’s called for all year. Why Cowen Still Expects a Fourth-Quarter Low Cowen said on his YouTube channel that Bitcoin has historically bottomed three times a year in midterm years: once in February, once in summer, and once in the fourth quarter, a pattern he pointed to in both 2018 and 2022. He argued Bitcoin’s apathetic top…