Bitcoin Hasn't Peaked Yet, But There's A Key Difference To The 2023 Fall Uptrend, Veteran Analyst Says
Portfolio Pulse from Khyathi Dalal
Veteran analyst Benjamin Cowen suggests that Bitcoin has not yet peaked, despite recent price drops. He highlights the importance of the 20-week SMA and 21-week EMA as key support and resistance levels. Cowen notes a difference from last year's trend, with current lower lows and highs. He also emphasizes the potential impact of monetary policy on Bitcoin's price action.
September 09, 2024 | 2:40 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Analyst Benjamin Cowen suggests Bitcoin hasn't peaked yet, with key support and resistance levels at $60,000-$64,000. He notes a difference from last year's trend and highlights the potential impact of monetary policy on Bitcoin's price.
Cowen's analysis suggests Bitcoin is in a different trend compared to last year, with lower lows and highs. The key support and resistance levels are crucial for investors. Additionally, the potential impact of monetary policy, such as rate cuts, could influence Bitcoin's price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100