Crypto Money MarketDespite Bitcoin’s short -term fluctuation while the stagnation continues, positive signals are still taken in the general view. Well -known analyst Benjamin CowenAccording to the current behavior of the price does not harm the market structure, on the contrary creates a long -term rise. While entering the second quarter of 2025, Bitcoin remains strongly keeps the hopes of investors fresh. However, the level of the price will be the determinant of the next step.
Bitcoin continues to hold on top of the 2024 summit
Bitcoinat the beginning of the year after the impressive rise of 83 thousand – 85 thousand dollars in the range of horizontal course. This process of calmness is shaped by factors such as global political uncertainties, interest expectations and US President Donald Trump’s trade policies. However, according to Cowen, this stagnation is not a weakness, but rather the beginning of a healthy consolidation process.
Cowen stressed that the 2024 summit for Bitcoin (69 thousand dollars) is the most important support level. Although the analyst has short -term decreases below this level (technically called “suppositories), the price generally believes that as long as the price remains above this region, the rise trend will not deteriorate. According to Cowen, Bitcoin can gain strength again without going below $ 60,000.
The strongest support zone under the 2024 summit is also similar to its past market cycles. Especially in the period of 2016-2017, similar ups and outbursts were experienced and a serious rise was observed. Cowen, short -term volatility investors should not panic, he said.
Target foresight for the new summit in Bitcoin: 200 thousand dollars
Cowen pointed out that returns are decreasing in the current market cycle. This phenomenon, which he describes as “decreasing return, means, means more limited gains compared to the previous cycles. However, this does not mean that the rise potential is completely exhausted. In a positive scenario, Cowen predicts that Bitcoin can rise between 120 thousand to 150 thousand dollars, and even the price of corporate or state -supported large purchases can climb up to 200 thousand dollars.
However, Bitcoin’s 2024 SummitIn the case of downward breaking, he warned that the scenario of left sliding to the left ”(Left Translated Cycle) will be activated. This means that Bitcoin might have already left behind the peak. However, Cowen stressed that the existing data did not support such a table and that this possibility is not on the table for now.
According to the analyst, short -term retreats can be considered as purchasing opportunities unless there is a serious deterioration in the market structure. In particular, the continuation of corporate interest keeps great rise scenarios on the agenda. For this reason, if Bitcoin continues to move parallel with historical cycles, it would not be a surprise to rise to new record levels in the second half of the year.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
