3 articles
Quantitative analyst Benjamin Cowen predicts Bitcoin could fall further, potentially to $39,000, despite current rallies. He cites historical four-year cycles, weakening economic indicators, and on-chain data supporting a bearish outlook, with October as a likely bottoming period.
Bitcoin is showing signs of weakness as key support levels start to break, potentially leading to significant downside moves across altcoins. Analyst Scheldon highlights critical price points and suggests a high-probability shorting opportunity may be emerging in the volatile crypto market.
Bitcoin's price could fall below $50,000 despite recent relief rallies, according to market analysts. This potential downturn presents a strategic accumulation opportunity for long-term investors aiming to buy at discounted prices during a bear market phase.
