A widely followed crypto analyst says there’s evidence that Bitcoin (BTC) could have much further to drop before sparking a fresh bull run.
In a new video update, prominent crypto analyst Benjamin Cowen tells his 784,000 YouTube subscribers that the top crypto asset by market cap still has the potential to dip to the $10,000-$12,000 range before we see the next crypto bull market.
Basing his analysis on a series of technical, on-chain and sentiment-based indicators, Cowen says BTC is in a position to potentially make another low, just like how Bitcoin created a new floor after plummeting below $18,000 in June last year.
“There’s enough evidence to suggest that [Bitcoin] could go lower, so therefore I’m going to be open-minded to that potential outcome,
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