Is Bitcoin (BTC) Doomed? Top Analyst Unveils Worrying August Pattern

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Beware August's Bitcoin nightmare: Top analyst Benjamin Cowen reveals scary truth bitcoin btc btcusdt bitcoinnews $btc

holders as the price managed to hold above the crucial $28,600 per BTC mark. This resilience suggests that there are buyers actively supporting the cryptocurrency at this level., which is estimated to take place in mid-April 2024, less than 260 days from now.

Cowen's warning is specifically targeted at pre-halving periods, and with this significant event looming on the horizon, investors are left to wonder if history will repeat itself.On the one hand, the sample size of pre-halving periods is relatively small, making it difficult to predict with certainty whether the negative dynamics witnessed in August will persist.

 

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