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    Home»Bitcoin»$100,000 Bitcoin Probably To Set off 2025 Altseason, In response to Analyst Benjamin Cowen – The Day by day Hodl
    0,000 Bitcoin Probably To Set off 2025 Altseason, In response to Analyst Benjamin Cowen – The Day by day Hodl
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    $100,000 Bitcoin Probably To Set off 2025 Altseason, In response to Analyst Benjamin Cowen – The Day by day Hodl

    By Crypto EditorNovember 20, 2024No Comments2 Mins Read
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    Fashionable crypto analyst Benjamin Cowen thinks the $100,000 Bitcoin worth level may usher in a shift in focus from BTC to altcoins.

    Cowen notes in a brand new interview with David Lin that Bitcoin’s Worry and Greed Index, which tracks market sentiment over time with values starting from 0 to 100, simply surged previous 90, which signifies “excessive greed” within the crypto market.

    Excessive values within the Worry and Greed Index can sign a possible worth correction.

    Predicts Cowen,

    “My guess is that there will likely be a interval the place [Bitcoin] dominance goes down, however there’s additionally a great likelihood… it may not occur till after Bitcoin breaches that [$100,000] milestone. It’s got to be a milestone that a variety of buyers bear in mind. I’ve to think about there are lots of people who don’t need to promote till Bitcoin hits $100,000. It does appear to me that it could possibly be a milestone that each time it’s hit, curiosity begins to go towards a number of the different cryptocurrencies, particularly if it corresponds with a transition from quantitative tightening to quantitative easing.”

    Bitcoin is buying and selling at $92,137 at time of writing. The highest-ranked crypto asset by market cap is up practically 2% prior to now 24 hours.

     

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    $100,000 Bitcoin Probably To Set off 2025 Altseason, In response to Analyst Benjamin Cowen – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in online marketing.

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