tl;dr

Crypto analyst Benjamin Cowen predicts a significant correction in Bitcoin based on historical price action and the 100-week simple moving average (SMA). He states that each time Bitcoin has crossed above its 100-week SMA, it retests it before continuing upward. Cowen also suggests that the Federal ...

hope this article summary provides a clear understanding of Benjamin Cowen's predictions and the reasons behind them. Keep an eye on the 100-week moving average and Federal Reserve actions to see if these forecasts play out accordingly. With Bitcoin currently trading significantly above its 100-week SMA, it's essential to stay updated with these developments and consider how they may impact your investment strategy.

Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24