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Analyst Benjamin Cowen Warns of Q4 Drop if Bitcoin Dips Below $83K

The post Bitcoin Is in the “Upside Down”: Benjamin Cowen Warns of Q4 Drop If Loses $83K appeared first on Coinpedia Fintech News Crypto analyst Benjamin Cowen has called Bitcoin’s current market structure “The Upside Down,” borrowing the term from Stranger Things. Despite rising Treasury yields, higher energy prices and a stronger dollar, Bitcoin has…

Anna Dovzhenko1 min read
Analyst Benjamin Cowen Warns of Q4 Drop if Bitcoin Dips Below $83K

Drawing on terminology from the television show Stranger Things, cryptocurrency analyst Benjamin Cowen has described Bitcoin’s present market pattern as “The Upside Down.” Even though Treasury yields, energy costs, and the U.S. dollar are all climbing, Bitcoin has rallied to an eight-month peak close to $87,000. According to Cowen, the weekly close alongside the $83,000 threshold will dictate whether the upward surge persists or falters.

Written by Anna Dovzhenko

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