Historical Record Shows Bitcoin May Have Much Further To Fall, Says Analyst Benjamin Cowen - BitcoinEthereumNews.com
Bitcoinविश्लेषक बेंजामिन कोवेन कहते हैं, ऐतिहासिक रिकॉर्ड से पता चलता है कि बिटकॉइन में और गिरावट आ सकती है02 / 24 / 2022बिटकॉइन एथेरियम समाचार A popular crypto analyst says history shows that top crypto asset Bitcoin (BTC) may fall even more as fear and uncertainty take over the markets. In a new strategy session, Benjamin Cowen says that Bitcoin tends to retrace to its 200-day simple moving average and that another date with that zone is likely in the mix. Bitcoin has a habit of going back to the [200-day simple moving average] every so often whether we like it or not… I want people to consider it as a possibility but not a certainty and if its a possibility, you owe it to yourself to plan for that scenario. Currently, BTCs 200-day moving average just passed the $20,000 mark. Cowen says that if the top crypto by market cap were to converge with its 200-day moving average, it would happen “sooner rather than later.” “If we‘re going to the 200-week moving average, I think it would actually occur a lot sooner than May of 2023. I think it’s more likely to occur in the next few months rather than really far out. I would