HomeCRYPTO COINSThe Current Bitcoin (BTC) Cycle Is The Only One Of Its Kind According To Analyst Benjamin Cowen
The Current Bitcoin (BTC) Cycle Is The Only One Of Its Kind According To Analyst Benjamin Cowen
June 11, 2021
Cryptocurrency analyst Benjamin Cowen says Bitcoin has proven to be the only one of its kind in the current market cycle. In a recent strategy session, Cowen explains to his 456,000 YouTube subscribers that Bitcoin’s high market cap makes it difficult to move the price fast:
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Cowen uses a model that predicts the cycle will get longer as BTC’s return on investment (ROI) gradually declines:
Cowen thinks there may be several months before Bitcoin reaches all-time highs and potentially falls below the $30,000 range. However, in the current market cycle of Bitcoin, another “foot” He guesses that: