Nourish Money
  • Home
  • Personal Finance
  • Investing
  • Credit Tips
  • Money Saving
  • Retirement
  • Crypto
No Result
View All Result
Nourish Money
  • Home
  • Personal Finance
  • Investing
  • Credit Tips
  • Money Saving
  • Retirement
  • Crypto
No Result
View All Result
Nourish Money
No Result
View All Result
Home Crypto

Here’s When We Can Get Optimistic About Crypto Markets Again, According to Analyst Benjamin Cowen

April 23, 2023
in Crypto
0
Here’s When We Can Get Optimistic About Crypto Markets Again, According to Analyst Benjamin Cowen
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Broadly adopted crypto analyst Benjamin Cowen says now possible isn’t the time to expect a full-blown bull marketplace for Bitcoin (BTC) and crypto.

In a brand new technique session, Cowen tells his 785,000 YouTube subscribers that Bitcoin may very well be susceptible to one other “summer time lull.”

Cowen factors out that April of 2021 and 2022 each marked native tops and the start of multi-month downtrends for BTC.

In accordance with the analyst, if the sample continues, it could match his thesis that BTC received’t absolutely exit its bear market till late this yr or early subsequent yr.

“I’d typically argue that there’s a good likelihood that this might be a summer time lull 2.0, the place we come again in and are available again down to those decrease ranges earlier than finally placing on our rally caps going into the halving yr. That’s my common expectation. I’ve made that pretty clear for a very long time, that the restoration years are brutal for either side. Congratulations to those who play either side, however that’s my common expectation going into the remainder of this yr, is that we’ll possible see costs fall again in.” 

Cowen says that with the US financial system presently susceptible to witnessing a recession, the time to be optimistic about crypto might be in late 2023 to early 2024 when fears of an financial downturn are both averted or drowned out.

“The altcoin market ought to nonetheless bleed in opposition to Bitcoin, and by the top of this yr, as soon as the recession danger is both averted or it’s occurred and we’re popping out of it, late this yr or early subsequent yr, that, I feel would be the time to actually get a little bit bit extra optimistic on these markets.”

I

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Examine Value Motion

Comply with us on Twitter, Facebook and Telegram

Surf The Each day Hodl Combine

Generated Picture: Midjourney



Source link

You might also like

Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?

Dogecoin bears aim to push prices beneath $0.07 amidst buyer weakness

Polygon drops to January levels; here are key areas to consider

Tags: AnalystBenjaminCowenCryptoHeresMarketsOptimistic
Share30Tweet19

Recommended For You

Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?

May 11, 2023
0

Justin Solar, the vocal crypto supporter and co-founder of Tron and chief government officer (CEO) of BitTorrent, says he'll start actively buying and selling meme cash like PEPE. ...

Read more

Dogecoin bears aim to push prices beneath $0.07 amidst buyer weakness

May 11, 2023
0
Dogecoin bears aim to push prices beneath $0.07 amidst buyer weakness

Disclaimer: The data offered doesn't represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion. The day by day market construction...

Read more

Polygon drops to January levels; here are key areas to consider

May 11, 2023
0
Polygon drops to January levels; here are key areas to consider

Disclaimer: The data offered doesn't represent monetary, funding, buying and selling, or different kinds of recommendation and is solely the author’s opinion MATIC breached a key Q1 2023...

Read more

Robinhood saw $38M in crypto transaction revenue in Q1 2023

May 11, 2023
0
Robinhood saw $38M in crypto transaction revenue in Q1 2023

Inventory and crypto buying and selling platform Robinhood revealed its Q1 2023 outcomes on May 10. The corporate stated that its cryptocurrency transaction revenues fell 1% sequentially to...

Read more

Top Analyst Updates Outlook on Polygon, Ethereum and Binance Coin, Says Altcoins To Plunge Lower Than Expected

May 11, 2023
0
Top Analyst Updates Outlook on Polygon, Ethereum and Binance Coin, Says Altcoins To Plunge Lower Than Expected

A number one analyst is warning that crypto belongings could face extra draw back through the present market correction. Pseudonymous analyst and dealer Bluntz tells his 222,800 Twitter...

Read more
Next Post
Alphabet, Amazon, Microsoft, Meta: It’s a Monster Week in Earnings

Alphabet, Amazon, Microsoft, Meta: It’s a Monster Week in Earnings

Popular post

Get 20% off at Popcorn Shed

Get 20% off at Popcorn Shed

December 3, 2022
AVAX sees a gap on the price charts, is this where selling pressure could step in

AVAX sees a gap on the price charts, is this where selling pressure could step in

October 18, 2022
What Is the Average Retirement Age in the U.S.?

What Is the Average Retirement Age in the U.S.?

March 21, 2023

Browse by Category

  • Credit Tips
  • Crypto
  • Investing
  • Money Saving
  • Personal Finance
  • Retirement

ABOUT

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Personal Finance, Retirement, Investing and more.

CATEGORIES

  • Credit Tips
  • Crypto
  • Investing
  • Money Saving
  • Personal Finance
  • Retirement

NEWSLETTER

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2022 Nourishmoney.com - All rights reserved.

No Result
View All Result
  • Home
  • Personal Finance
  • Investing
  • Credit Tips
  • Money Saving
  • Retirement
  • Crypto

© 2022 Nourishmoney.com - All rights reserved.