Here’s the Worst Case Scenario for Bitcoin Amid FTX Fallout, According to Crypto Analyst Benjamin Cowen

Here’s the Worst Case Scenario for Bitcoin Amid FTX Fallout, According to Crypto Analyst Benjamin Cowen


Popular cryptocurrency analyst Benjamin Cowen is examining whether Bitcoin (BTC) has bottomed out after falling by over 75% from its all-time high.

Cowen tells his 774,000 YouTube subscribers that, based on the flagship crypto asset’s trading history, Bitcoin could be on the cusp of a major bottom.

“There are a lot of cyclical indicators for Bitcoin that are probably coming up pretty soon, right?

Trending: Ho–Ho–Ho! Hundreds of Employees At Fake News CNN Get the Axe Only Weeks Before Christmas

We had major bottoms in the cryptocurrency asset class beginning of 2015, basically the end of 2014 but it bled into 2015. We had a major bottom at the end of 2018.

We’re potentially looking at another major bottom in crypto at the end of 2022 or early 2023. This would correspond to what historically would be a major bottom. And

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend