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<ul class="news-points"> 
 <li>Benjamin Cowen points out that Bitcoin tends to retrace to support levels after surges, and is influenced the by Federal Reserve actions.</li> 
 <li>Bitcoin’s interaction with the 8-week moving average is crucial for predicting its price movements.</li> 
 <li>Cowen warns of significant Bitcoin corrections impacting altcoin markets, especially in the early months of the year.</li> 
</ul> 
In a recent YouTube <a href="https://youtu.be/8LtUWOr_70o?si=01HCARqzjL6AgTMW" target="_blank" rel="nofollow">video</a>, cryptocurrency analyst Benjamin Cowen provided an in-depth analysis of Bitcoin’s current market trends and potential future movements. Cowen’s insights offer a fresh perspective on Bitcoin’s price behavior, highlighting key indicators and historical patterns that could influence its trajectory in the coming weeks and months. 
Cowen emphasized the historical pattern of <a href="https://coinedition.com/btc-market-technical-indicators-forecast-further-bull-boom/">Bitcoin’s behavior</a>, particularly its interaction with critical support levels. He pointed out that, historically, Bitcoin has shown a tendency to retrace to previous levels for confirmation after a significant price surge. This pattern has tended to appear in February of BTC halving years, when Bitcoin rebounds from the <a href="https://coinedition.com/?s=btc+bull+market" target="_blank" rel="noreferrer noopener">bull market</a> support band, although it failed to hold this support in 2020. According to Cowen, the Fed…
The post <a href="https://coinedition.com/benjamin-cowen-analyzes-bitcoins-future-market-trends/">$38K Incoming? Benjamin Cowen Sheds Light on Bitcoin’s Next Move</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

$38K Incoming? Benjamin Cowen Sheds Light on Bitcoin’s Next Move

Coin Edition

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