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#Bull Market Support Band

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Benjamin Cowen Warns of Deeper Bitcoin Drop, Highlights Critical Support Level to Watch
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Benjamin Cowen Warns of Deeper Bitcoin Drop, Highlights Critical Support Level to Watch

Key Highlights Analyst Benjamin Cowen projects Bitcoin is likely to fall below its bull market support band, pointing to seasonal weakness during U.S. midterm election years. Technical indicators, including a weekly close beneath the 50-week moving average and NASDAQ corrections, suggest a prolonged, gradual downward trend. Historical rate hike cycle timing indicates Bitcoin could search ...

Analyst Benjamin Cowen Issues Bitcoin Warning: β€œThe Downturn May Not Be Over Yet”
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Analyst Benjamin Cowen Issues Bitcoin Warning: β€œThe Downturn May Not Be Over Yet”

Key Highlights: Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin is fundamentally undervalued by historical logarithmic models, it risks declining further toward the lower bounds of its channel. Macroeconomic headwinds and potential downside in the Nasdaq remain significant risks for Bitcoin, especially during the final quarter of a U.S. midterm election year. Technical indicators point ...

Renowned Analyst Highlights Key Bitcoin Level Signaling Potential Downturn
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Renowned Analyst Highlights Key Bitcoin Level Signaling Potential Downturn

Key Highlights: Analyst Benjamin Cowen highlights $83,000 as a pivotal support zone for Bitcoin, cautioning that losing this threshold could lead to a drop into the early to mid-$70,000 range. Anticipated tightening in monetary policy continues to elevate Bitcoin dominance as investors rotate out of altcoins into comparatively lower-risk digital assets. Cowen points to historical ...