Popular Analyst Predicted Bitcoin’s Latest Slide and Sees More Pain Ahead
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Bitcoin traded near $75,000 as analyst Benjamin Cowen claimed vindication for his year-long warning that a fourth-quarter equity correction would drag the cryptocurrency lower. Cowen, who flagged the equity-driven risk to bitcoin in a Nov. 9 note to followers, said the stock market pullback he anticipated has now arrived on schedule. The slide underscores how bitcoin's price has become increasingly tethered to broader risk-asset moves, with equities weakness transmitting directly into crypto markets. Investors will now watch whether the equity correction deepens and whether bitcoin can hold the $75,000 level as support.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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Benjamin Cowen, Bitcoin (BTC)
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