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Analyst predicts Bitcoin could revisit $110K after ‘slow bleed'

From thestreet.com

Market analyst and Into The Cryptoverse founder Benjamin Cowen said he expects Bitcoin (BTC) to continue trending lower before entering its next bullish phase. Speaking with TheStreet Roundtable host Scott Melker, Cowen described the current environment as a “slow bleed,” suggesting that the cryptocurrency could remain range-bound until macro liquidity returns. "I do think Bitcoin will go back to $110k. I just don't think it's going to happen right now. I think we're kind of in a slow bleed right now, waiting for liquidity. So yeah, if it wants to prove me wrong, I think we need to rally back over the 50-week ... (full story)

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  • Category: Fundamental Analysis