Bitcoin Heading For A 'Death Cross,' Says Benjamin Cowen, Sees $62,000 As Key Level
Portfolio Pulse from Khyathi Dalal
Prominent cryptocurrency analyst Benjamin Cowen predicts an impending 'death cross' for Bitcoin, which he believes could lead to a short-term rally rather than a decline. He advises investors to watch the 50-day SMA around $62,000 as a key level for Bitcoin's next moves. Historical patterns and broader economic factors are crucial for long-term trends.
August 09, 2024 | 6:41 pm
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Benjamin Cowen predicts a 'death cross' for Bitcoin, which could lead to a short-term rally. The 50-day SMA at $62,000 is a key level to watch. Historical patterns suggest a potential upward movement, but long-term trends depend on broader economic factors.
Cowen's analysis suggests that the 'death cross' often leads to a short-term rally, supported by historical patterns. The 50-day SMA at $62,000 is a critical level for Bitcoin's next moves. Broader economic factors will influence long-term trends.
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