A merchant who continues to build an audience with appropriate calls on Bitcoin (BTC) and Altcoins issues a wider cryptography market.
Crypto analyst Benjamin Cowen told his 1 million followers on the X social media platform that he sees Bitcoin’s support at $ 100,000.
“I will probably see BTC to his bull support group soon, in the range of $ 90,000.”
The Haussier market support strip is formed by the simple 20 -week mobile average (SMA) and the 21 -week exponential mobile average (EMA).
The analyst says that his prediction is based on the action of bitcoin prices in the past two years, when Bitcoin has started to turn around and abandon the gains in the third quarter.
“I mentioned for a while on Youtube that Bitcoin would probably begin to show a certain weakness to mid-June while the weakness of the first trimester begins to present itself.
The same thing has happened in the past two years.
I think the next below is around August / September. »»
At the time of writing, Bitcoin is negotiated at $ 105,092.
Looking at the Altcoin market, Cowen warns that its expected bitcoin correction will trigger a brutal capitulation event for the alts.
“It may finally be time to tear the dressing for Alt / BTC pairs.
At the Bas beach! »»
A Bitcoin Bitcoin Bearish graphic indicates that the alts lose value faster than the BTC.
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