Benjamin Cowen, bitcoin He participated in an interview where he predicted the possible future trend for the (BTC) and altcoin markets.
Speaking in a new interview with David Lin Report, Benjamin CowenHe thinks that Bitcoin could reach $35,000 in 2023, up about 14% from current levels.
It’s really hard to say whether the Bitcoin price can go higher in the short term. However, if it continues to rise, my guess is that it will go up to $ 35,000.
BTC was trading at $30,000 at the time of writing, but had dropped in the last 24 hours.
Cowen noted what would happen to altcoins if Bitcoin hits its top target for this year.
If Bitcoin hits $35,000, that won’t be good for the altcoin market. Because the altcoin market will likely continue to be devastated by Bitcoin pairs. And then at some point Bitcoin will have to come back. I think he’ll have to pull back some of that move as he normally did in the year before the split. And at that point, the altcoin market drops a little more and BTC dominance continues to increase.
NEWS CONTINUES BELOW
Benjamin Cowen, BTC altcoinHe said the following about the reason why he performed better than the .
Liquidity is fundamentally dwindling and therefore people are looking for the relative safety of Bitcoin rather than the altcoin market. This is relative security. This does not mean that Bitcoin will not fall, he says that Bitcoin is relatively safer than the altcoin market and liquidity is reduced.
You can follow the current price action here.