Analyst Predicts Bitcoin Downtrend Until Late 2024, Reminds of Unrealized $100K Predictions from 2019

Quick Summary:

This pattern mirrors what happened in 2019, where Bitcoin experienced similar challenges before eventually declining.

Analyst Benjamin Cowen compared 2023 to 2019 earlier this year, when many believed Bitcoin would rise to $100,000 before the next halving.

He speculates that the downtrend could continue for the rest of the year, potentially breaking in October if the Federal Reserve (Fed) begins rate cuts.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Crypto news Price Analysis News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 05:25:37 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22293321

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 25 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions