Crypto strategist Benjamin Cowen is maintaining his prediction that Bitcoin will experience a significant correction this month. In a recent strategy session, Cowen informed his 786,000 YouTube subscribers that September is typically a poor month for crypto, with Bitcoin averaging negative returns.
Cowen believes Bitcoin could drop over 10% from current levels and test $23,000 due to its seasonality, momentum, and recent monthly close below $27,000. However, Cowen also outlines a scenario where the altcoin markets may rebound next year due to a confluence of macro tailwinds, including volatility picking up in the halving year and quantitative easing returning in some form during the election year.
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