Popular cryptocurrency analyst Benjamin Cowen pointed out the historical declines experienced by Bitcoin before the halving and asked the question “will this time be different?”
Benjamin Cowen social media dated January 17 in your postfocused on the declines that occurred before the Bitcoin halving.
Historically, Bitcoin reached the support level of the bull market in January-February before the halving. 20 and 21 week simple moving average (20 SMA and 21 EMA) The experienced name, indicating that he has withdrawn to his band, history may repeat itself hinted.
Shared by the analyst and 2012 In the chart that includes the halvings that have occurred since 2017, the current support level is 30-32 thousand dollar band which is the current price when pointing out of 42,600 approximately a 25% decline It was predicted.
“Will it be different this time?” Cowen, who does not hesitate to ask the question to his followers, explains the possible fall that may occur no matter what. a healthy fix showed as.
According to CoinGecko data, in the last 24 hours 0.8% decrease living Bitcoin, at the time of writing from $42,600 is being traded.
