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The Daily Hodl 2024-01-24 21:00:51

Bitcoin Mid-Cycle Top? Benjamin Cowen Says One Indicator Suggesting BTC Headed for Downtrend

Popular crypto analyst Benjamin Cowen says that one indicator suggests Bitcoin (BTC) may be entering a downtrend. In a new strategy session, Cowen tells his 789,000 YouTube subscribers that the extension from the 20-week simple moving average (SMA) is flashing bearishness for Bitcoin. According to Cowen, the indicator shows Bitcoin may have reached a mid-cycle The post Bitcoin Mid-Cycle Top? Benjamin Cowen Says One Indicator Suggesting BTC Headed for Downtrend appeared first on The Daily Hodl .

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