{"id":13485,"date":"2022-11-28T16:50:50","date_gmt":"2022-11-28T16:50:50","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/28\/what-crypto-analyst-benjamin-cowen-thinks-of-bitcoin-btc-usd-before-a-reversal-occurs\/"},"modified":"2022-11-28T16:50:51","modified_gmt":"2022-11-28T16:50:51","slug":"what-crypto-analyst-benjamin-cowen-thinks-of-bitcoin-btc-usd-before-a-reversal-occurs","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/28\/what-crypto-analyst-benjamin-cowen-thinks-of-bitcoin-btc-usd-before-a-reversal-occurs\/","title":{"rendered":"What crypto analyst Benjamin Cowen thinks of Bitcoin (BTC\/USD) before a reversal occurs"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1667410189033-d6981c9c-9bae-40be-bedb-761f7c22f2df-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1667410189033-d6981c9c-9bae-40be-bedb-761f7c22f2df-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1667410189033-d6981c9c-9bae-40be-bedb-761f7c22f2df-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1667410189033-d6981c9c-9bae-40be-bedb-761f7c22f2df-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1667410189033-d6981c9c-9bae-40be-bedb-761f7c22f2df.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Bitcoin may endure one other Capitulation occasion round Christmas \u2013 Cowen<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The cryptocurrency is consolidating however lacks an upside momentum<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">BTC worth may break into upside or draw back<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">When will\u00a0<a href=\"https:\/\/coinjournal.net\/bitcoin\/price\/#:~:text=Bitcoin%20price%20%E2%80%93%20%249959.17.\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Bitcoin price<\/u><\/a> (BTC\/USD) bottom-up after slipping under the essential $19,000 stage? Crypto analyst Benjamin Cowen believes Bitcoin has to endure one capitulation occasion before a worth reversal. Cowen examines the historic patterns to elucidate when that is more likely to happen.<\/p>\n<p dir=\"ltr\">Cowen factors out that the ultimate capitulation occasion will happen round Christmas this 12 months. A capitulation occasion occurs when a sizable portion of traders succumb to bear stress and promote their holdings. Capitulation occasions are characterised by unusually excessive buying and selling volumes coinciding with sharp worth falls. When the value reaches its lowest level, it indicators a market backside that ushers in a bullish transfer.<\/p>\n<p dir=\"ltr\">Relating to the historic patterns, Cowen says that Bitcoin bear markets final round a 12 months. In 2014, he says, the bear markets lasted 14 months, whereas in 2018, it was 12 months. Thus, if the present one is to replicate historic patterns, the dates round December twenty fifth, twenty sixth, and twenty seventh, might be.<\/p>\n<p dir=\"ltr\">Bitcoin has been very uneven heading to this vital prediction at year-end. Cowen thinks that $15,000 is the balanced worth for Bitcoin. The analyst says that the cryptocurrency has to fall under this stage to hit backside. That will immediate makes an attempt to recapture the honest worth.<\/p>\n<h2 dir=\"ltr\"><strong>BTC outlook as worth consolidates\u00a0at $16,000<\/strong><\/h2>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/10\/28\/1669649427999-8380f4d5-f86b-444b-b57a-105b1bbc2c32.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"317\"\/><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>BTC\/USD Chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">On the day by day chart, Bitcoin is uneven and consolidates round $16,000. The MACD indicator is within the bearish zone. The RSI stays under the midpoint, indicating that the sellers are in management.<\/p>\n<h2 dir=\"ltr\"><strong>What subsequent for BTC?<\/strong><\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Bitcoin<\/u><\/a> lacks a directional bias. Although bulls have regularly defended $16,000 efficiently, they&#8217;re unable to take the value greater. That\u2019s regardless of the current Fed assertion indicating slower fee will increase.<\/p>\n<p dir=\"ltr\">With the present uneven buying and selling sample, Bitcoin can go both method. Just as Cowen predicted, BTC may declare a new backside. For that to occur, the value should break under the $16,000 help zone.<\/p>\n<h2 dir=\"ltr\"><strong>Where to purchase BTC<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro presents a big selection of cryptos, reminiscent of Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=OTUyNjU&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BTC with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Bitstamp<\/h3>\n<p>Bitstamp is a main cryptocurrency trade which presents buying and selling in fiat currencies or widespread cryptocurrencies.<\/p>\n<p>Bitstamp is a totally regulated firm which presents customers an intuitive interface, a excessive diploma of safety on your digital property, wonderful buyer help and a number of withdrawal strategies.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/bitstamp-crypto?guid=OTUyNjU&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BTC with Bitstamp today            <\/a>\n    <\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/what-crypto-analyst-benjamin-cowen-thinks-of-btc-before-a-reversal-occurs\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin may endure one other Capitulation occasion round Christmas \u2013 Cowen The cryptocurrency is consolidating however lacks an upside momentum BTC worth may break into upside or draw back When will\u00a0Bitcoin price (BTC\/USD) bottom-up after slipping under the essential $19,000 stage? Crypto analyst Benjamin Cowen believes Bitcoin has to endure one capitulation occasion before [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[551,5305,20,3811,5306,24,3335,2022,1746],"class_list":["post-13485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-benjamin","tag-bitcoin","tag-btcusd","tag-cowen","tag-crypto","tag-occurs","tag-reversal","tag-thinks","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=13485"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13485\/revisions"}],"predecessor-version":[{"id":13486,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13485\/revisions\/13486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/11984"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=13485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=13485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\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