Bitcoin

Coin

<ul class="news-points"> 
 <li>Crypto analyst Benjamin Cowen said Bitcoin is repeating patterns seen in previous pre-halving years.</li> 
 <li>The analyst said the performance of crypto in the end half of 2023 correlates with historical data charts. </li> 
 <li>Cowen said the altcoin market is losing liquidity as traders move to Bitcoin in preparation for the halving. </li> 
</ul> 
In a <a href="https://www.youtube.com/watch?v=flXc6Yhsdh4" target="_blank" rel="nofollow">recent YouTube video</a>, crypto analyst Benjamin Cowen said the largest cryptocurrency network, Bitcoin, is repeating patterns seen in previous pre-halving years. The analyst pointed to the historic price performance of Bitcoin to drive his point home. 
In particular, the analyst mentioned that Bitcoin in pre-halving years trades up in the first half of the year and trends down in the other half. The analyst continued that the only time this didn’t happen was in 2015, when BTC had a lower first half of the year. 
According to the analyst, macro conditions now affect crypto prices too, not just pressures within the crypto market. Cowen pointed to the S&amp;P 500 correction, which he said would draw Bitcoin below the market support band. 
Furthermore, the analyst mentioned that the price movement of BTC this half of the year is one month ahe…
The post <a rel="nofollow" href="https://coinedition.com/bitcoin-repeats-patterns-seen-in-pre-halving-years-analyst/">Bitcoin Repeats Patterns Seen in Pre-Halving Years: Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin Repeats Patterns Seen in Pre-Halving Years: Analyst

Coin Edition

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