Analyst Benjamin Cowen Bullish On Bitcoin, Expects $100K Price Tag By Late 2025
Portfolio Pulse from Benzinga Neuro
Crypto analyst Benjamin Cowen predicts Bitcoin (BTC) could reach $100K by late 2025, based on logarithmic regression bands and historical market cycles. He notes that market cycle highs have been progressively lower in terms of these bands. Cowen's projection is for a peak around $111,000 in two years. Another analyst, DonAlt, expects a surge to $60,000, potentially driven by the approval of a spot-based Bitcoin ETF, which is fueling bullish sentiment.
November 14, 2023 | 8:28 am
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Benjamin Cowen predicts Bitcoin could reach $100K by late 2025, with a potential peak around $111,000. DonAlt suggests a possible surge to $60,000, optimistic about a Bitcoin ETF approval.
The predictions by analysts Cowen and DonAlt are bullish for Bitcoin, suggesting significant price increases. Cowen's analysis is based on historical patterns, which may be persuasive to investors. DonAlt's optimism hinges on the potential approval of a Bitcoin ETF, which could increase investor interest and demand for Bitcoin, driving up the price.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100