Popular Analyst: Bitcoin (BTC) “Bears” Lose Strength!

Analyst Benjamin Cowen, one of the closely followed names in the crypto money world, BTCdue to close to all-time highs bitcoin He noted that his “bears” were nervous. But what is the reason for this, according to the analyst, and could it have an impact on the BTC price?

Cryptocurrency analyst Benjamin Cowen stated that Bitcoin bears are worried about this situation as BTC’s techniques continue to rise more and more convincingly.

Cowen made some statements about Bitcoin bears in this part of his strategy sessions, which he published via YouTube. According to Cowen, traders who had been expecting a “bear market” since the correction in May now had less faith in that expectation to come true. According to the analyst, it is currently not possible to interpret a possible “bear market” chart on the BTC chart.

No matter what happens in the next few days or weeks, Cowen thinks that at the end of the day, “crypto-king” will significantly protect itself.

“The bears are running out of power/rank to “draw the chart” again. I’ve seen them, they’re much more timid than a few weeks ago, but it’s only a matter of time before the bears give up because right now they’re almost ‘living on life support’.”

What Do We Know About Bitcoin?

According to the analyst, time is on the side of Bitcoin investors because we now know what will happen no matter what happens tomorrow, no matter what happens in the weeks to come. Saying that the trees should not miss the forest, the analyst said that the important thing is to focus on the result. As a result, the BTC price will very modestly take an uptrend from the $64,000 to $65,000 level and catch a higher trend over time.

Analyst, who examines the Bitcoin trend in the long term and makes a chart comment according to the indicator he calls the “Cowen Corridor”, stated that BTC is targeting the $103,000 level. Analyst, who also examined the lower limit of the range, stated that the lower limit is at the level of $ 26,000, but added that he does not see the BTC price to fall to those levels.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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