United

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/benjamin-cowen-warns-of-potential-bitcoin-market-volatility/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Benjamin Cowen Warns of Potential Bitcoin Market Volatility</a><br></p>
<p style="text-align: justify">Prominent analyst Benjamin Cowen has issued warnings regarding Bitcoin trading near all-time highs. Cowen suggested that a downward trend in Bitcoin could occur approximately one month after the general elections in the United States.</p>
<h2 style="text-align: justify" id="strong-negative-scenario-strong"><strong>Negative Scenario</strong></h2>
<p style="text-align: justify">Cowen predicts that Bitcoin could experience a decline of 12% to 46% in early December following the elections. Such a drop could lead to uncertainty and fear in the markets. He emphasizes that investors should exercise caution during this period, as the effects of the decline may be felt in the market.</p>
<p style="text-align: justify">According to Cowen, the anticipated drop could be temporary. He believes that Bitcoin retains the potential to reach new peaks in 2025. He also notes that market fluctuations may occur during the release of the Non-Farm Payroll report in the U.S.</p>
<h2 style="text-align: justify" id="strong-market-expectations-strong"><strong>Market Expectations</strong></h2>
<p style="text-align: justify">Cowen reminds that Bitcoin is currently trading at around $73,813, which is nearly 2% below its all-time high of $75,400. He anticipates that the price may remain stable at these levels in the near term.</p>
<p style="text-align: justify">“A decline at the beginning of December may unsettle some investors. However, I believe this could be a temporary situation, and we might see new peaks in 2025,” Cowen states.</p>
<p style="text-align: justify">Cowen indicates that a potential correction in Bitcoin will not lead to perceptions that the mining cycle has ended. On the contrary, he suggests that the market could experience a soft landing.</p>
<h2 style="text-align: justify" id="strong-recommendations-for-investors-strong"><strong>Recommendations for Investors</strong></h2>
<p style="text-align: justify">Cowen advises investors to closely monitor market movements and remain cautious against sudden declines. He further stresses that Bitcoin has strong long-term potential.</p>
<p style="text-align: justify">These developments in the Bitcoin market offer investors the opportunity to reassess their strategies. Cowen’s predictions highlight the importance of monitoring market dynamics carefully.</p>
<p style="text-align: justify">Cowen’s warnings provide significant insights for Bitcoin investors to consider. He anticipates that any post-election declines could be temporary and that Bitcoin may retain its value long-term. It could be beneficial for investors to adjust their strategies according to market conditions.</p>
<p>The post <a href="https://en.coin-turk.com/benjamin-cowen-warns-of-potential-bitcoin-market-volatility/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Benjamin Cowen Warns of Potential Bitcoin Market Volatility</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Benjamin Cowen Warns of Potential Bitcoin Market Volatility

Table of Contents

COINTURK NEWS

Other articles published on Nov 7, 2024

Is Fantom (FTM) Price on a Path to $1.20? Key Levels Revealed!

Best Cryptocurrencies for Beginners In November 2024 – Easy Coins to Start With

Ethereum Price Prediction: ETH Price is Increasing

Donald Trump Victory Is Paving the Way for Altcoin ETFs

RAY Coin Experiences Significant Price Surge Following Future Listings Announcement

WazirX Launches Recovery Token to Address Debts After $234M Cyber Attack

Join our free newsletter for daily crypto updates!