Popular crypto analyst Benjamin Cowen is predicting a potential Bitcoin price drop in December, just after the US general election.
A Possible December Plunge
Cowen, who has over 820,000 YouTube subscribers, believes that Bitcoin could see a significant drop in early December, potentially coinciding with the release of the US labor market report. He’s suggesting a potential decline of 12% to 46% from current prices.
Temporary Dip or Bigger Trend?
While Cowen acknowledges the possibility of a significant drop, he believes it could be a temporary correction. He thinks Bitcoin could bounce back and continue its upward trend in 2025.
Don’t Panic
Cowen’s prediction shouldn’t be taken as a reason to panic. He emphasizes that this is just one possible scenario and that Bitcoin could still continue its upward trajectory. He encourages investors to stay informed and make their own decisions based on their individual risk tolerance.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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