Benjamin Cowen Reverses Bitcoin Call After $85K Breakout Squeezes Shorts
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7 Articles
Benjamin Cowen recognizes error in Bitcoin's downfall forecast after cryptocurrency goes from $86,000 on Monday (21)
Benjamin Cowen, analyst with 1.2 million followers on the X, believed that Bitcoin would continue to fall until October. After the cryptocurrency surpassed the US$ 86,000 on Monday (21), the investor admitted to be wrong. About three years ago, Cowen made another forecast of falling on Bitcoin, claiming that it would last about two [...] Source: Analyst betting on Bitcoin's fall until October plays the towel: "I was wrong." See more news about B…
Crypto Economy
Cryptocurrency News | Cryptocurrency Prices | Market CapBenjamin Cowen Reverses Bitcoin Call After $85K Breakout Squeezes Shorts
TL;DR Benjamin Cowen admitted his bearish Bitcoin outlook was wrong after BTC broke above $85,000. His previous cycle analysis assigned a 65% probability that Bitcoin’s low was still ahead, with $53,000 identified as an important downside level. The breakout triggered hundreds of millions of dollars in short liquidations, highlighting the pressure on traders positioned for ...
Benjamin Cowen, founder of the crypto analytics platform Into The Cryptoverse, admitted he was wrong in his prediction of a Bitcoin decline. His post, which came after Bitcoin surpassed $85,000, also drew a response from Michael Saylor, Chairman of Strategy.
Cryptocurrency analyst Benjamin Cowen noted that although Bitcoin has risen above the $81,280 level, it is still too early to say that the current bear market is over. Cowen pointed out that the recent rise may not yet mean a definitive shift in the market's long-term trend. According to Cowen, the temporary pullbacks that Bitcoin experienced in the process of forming a “golden cross” have also been seen in past periods. Analyst, [...] Source: B…
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