Famous analyst Benjamin Cowen, Bitcoin 
$75,017He issued warnings as ‘ is trading near all-time highs. Cowen stated that there may be a downward trend in Bitcoin about a month after the general elections in the USA.
Negative Scenario
Cowen predicts that after the election, Bitcoin may lose between 12% and 46% in value in early December. This decline can lead to uncertainty and fear in the markets. The analyst emphasizes that investors should be careful, especially during this period, and states that the impact of the decline may be felt on the market.
According to the analyst, this expected decline may be temporary. He says Bitcoin maintains the potential to reach new highs in 2025. Especially in the USA Non-Farm Payroll He also adds that there may be fluctuations in the markets during the periods when the report will be published.
Market Expectations
Cowen reminds that Bitcoin is currently trading at $73,813. He notes that Bitcoin is about 2% behind its all-time high of $75,400. He predicts that the price may remain stable at these levels in the near term.
“A decline in early December may unsettle some investors. But I believe this could be a temporary situation and I think we could see new highs in 2025,” says Cowen.
Cowen notes that Bitcoin’s potential correction will not lead to the perception that the mining cycle is over. On the contrary, it indicates that there may be a soft landing in the market.
Recommendations for Investors
Cowen recommends that investors monitor market movements closely and be wary of sudden declines. He also emphasizes that Bitcoin has the potential to remain strong in the long term.
These developments in the Bitcoin market offer investors the opportunity to review their strategies. Cowen’s predictions indicate that market movements should be followed carefully.
Benjamin Cowen’s warnings offer important signs for Bitcoin investors to pay attention to. It is predicted that possible post-election declines may remain temporary and Bitcoin may maintain its value in the long term. It may be beneficial for investors to monitor market conditions and shape their strategies accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
