Crypto Analyst Sets a Price Objective for Bitcoin in Case it Declines By CoinEdition

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Crypto Analyst Sets a Price Objective for Bitcoin in Case it Declines

Published Feb 09, 2023 12:12AM ET Updated Feb 09, 2023 12:30AM ET

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Crypto Analyst Sets a Price Objective for Bitcoin in Case it Declines

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The founder of “Into The Cryptoverse” had set a price prediction for Bitcoin.

According to Cowen, Bitcoin will be close to $12,000 in August of 2023 in case it falls.

Bitcoin is currently exchanging hands at $23,102.15.

Many experts are attempting to predict how Bitcoin will behave In the next months. Expert on cryptocurrencies and the founder of Into The Cryptoverse, Benjamin Cowen, has established a price target for Bitcoin (BTC) in case it falls.

In a “worst-case scenario,” according to Cowen, the value of Bitcoin might fall by more than 47% from where it is at the moment.

Concretely, the market expert said that Bitcoin’s price might move up in the near future before “back-testing” a diagonal trendline. If this prediction comes true, the price of the most valuable cryptocurrency will be close to $12,000 in August of 2023.

Benjamin Cowen says in his Youtube video:

If it were August of 2023, like right around here [at $12,000], and it [currently] rallies on up [to $26,000] and then sort of sits up here for a while, and then comes back down and then that ends up being the bottom [at $12,000].

Additionally, according to Cowen, the 50-week m…

The post Crypto Analyst Sets a Price Objective for Bitcoin in Case it Declines appeared first on Coin Edition.

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