• bitcoinBitcoin (BTC) $ 62,704.00
  • ethereumEthereum (ETH) $ 3,022.16
  • tetherTether (USDT) $ 0.999561
  • bnbBNB (BNB) $ 592.68
  • solanaSolana (SOL) $ 152.51
  • usd-coinUSDC (USDC) $ 0.999316
  • xrpXRP (XRP) $ 0.517048
  • staked-etherLido Staked Ether (STETH) $ 3,021.75
  • the-open-networkToncoin (TON) $ 6.55
  • dogecoinDogecoin (DOGE) $ 0.150397
  • cardanoCardano (ADA) $ 0.463842
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • avalanche-2Avalanche (AVAX) $ 35.50
  • tronTRON (TRX) $ 0.126423
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,668.00
  • polkadotPolkadot (DOT) $ 7.06
  • bitcoin-cashBitcoin Cash (BCH) $ 451.25
  • chainlinkChainlink (LINK) $ 14.23
  • nearNEAR Protocol (NEAR) $ 7.42
  • matic-networkPolygon (MATIC) $ 0.694703
  • litecoinLitecoin (LTC) $ 83.00
  • fetch-aiFetch.ai (FET) $ 2.29
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  • uniswapUniswap (UNI) $ 7.47
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 1.00
  • render-tokenRender (RNDR) $ 11.10
  • ethereum-classicEthereum Classic (ETC) $ 27.49
  • hedera-hashgraphHedera (HBAR) $ 0.109566
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  • aptosAptos (APT) $ 8.80
  • pepePepe (PEPE) $ 0.000009
  • cosmosCosmos Hub (ATOM) $ 9.06
  • mantleMantle (MNT) $ 1.04
  • crypto-com-chainCronos (CRO) $ 0.126104
  • filecoinFilecoin (FIL) $ 5.91
  • immutable-xImmutable (IMX) $ 2.21
  • wrapped-eethWrapped eETH (WEETH) $ 3,136.17
  • dogwifcoindogwifhat (WIF) $ 3.17
  • stellarStellar (XLM) $ 0.108562
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  • okbOKB (OKB) $ 50.32
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  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,971.84
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  • bittensorBittensor (TAO) $ 394.04
  • vechainVeChain (VET) $ 0.035753
  • makerMaker (MKR) $ 2,716.31
  • suiSui (SUI) $ 1.05
  • moneroMonero (XMR) $ 132.00
  • ethena-usdeEthena USDe (USDE) $ 0.999906
  • theta-tokenTheta Network (THETA) $ 2.26
  • injective-protocolInjective (INJ) $ 24.30
  • thorchainTHORChain (RUNE) $ 6.43
  • fantomFantom (FTM) $ 0.716775
  • celestiaCelestia (TIA) $ 9.69
  • flokiFLOKI (FLOKI) $ 0.000178
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,343.11
  • lido-daoLido DAO (LDO) $ 1.90
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  • galaGALA (GALA) $ 0.044617
  • algorandAlgorand (ALGO) $ 0.192449
  • bitget-tokenBitget Token (BGB) $ 1.12
  • coredaoorgCore (CORE) $ 1.72
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  • jupiter-exchange-solanaJupiter (JUP) $ 1.11
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,106.04
  • quant-networkQuant (QNT) $ 99.28
  • whitebitWhiteBIT Coin (WBT) $ 9.96
  • flowFlow (FLOW) $ 0.906508
  • aaveAave (AAVE) $ 89.67
  • akash-networkAkash Network (AKT) $ 5.61
  • ethenaEthena (ENA) $ 0.894196
  • bitcoin-svBitcoin SV (BSV) $ 64.45
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  • ecasheCash (XEC) $ 0.000048
  • aioz-networkAIOZ Network (AIOZ) $ 0.871882
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.81
  • eosEOS (EOS) $ 0.817923
  • msolMarinade Staked SOL (MSOL) $ 181.11
  • tezosTezos (XTZ) $ 0.946993
  • jasmycoinJasmyCoin (JASMY) $ 0.019078
  • mina-protocolMina Protocol (MINA) $ 0.837418
  • starknetStarknet (STRK) $ 1.26
  • roninRonin (RON) $ 2.75
  • conflux-tokenConflux (CFX) $ 0.217162
  • havvenSynthetix Network (SNX) $ 2.64
  • ordinalsORDI (ORDI) $ 38.90
  • decentralandDecentraland (MANA) $ 0.434889
  • book-of-memeBOOK OF MEME (BOME) $ 0.011590
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,044.02
  • heliumHelium (HNT) $ 4.86
  • apecoinApeCoin (APE) $ 1.27
  • gnosisGnosis (GNO) $ 303.56
  • nervos-networkNervos Network (CKB) $ 0.017692
  • dexeDeXe (DEXE) $ 13.29
  • pyth-networkPyth Network (PYTH) $ 0.489859
  • iotaIOTA (IOTA) $ 0.226578
  • safeSafe (SAFE) $ 1.71
  • kavaKava (KAVA) $ 0.670199
  • axelarAxelar (AXL) $ 1.11
  • usddUSDD (USDD) $ 0.996581
  • theta-fuelTheta Fuel (TFUEL) $ 0.109691
  • nexoNEXO (NEXO) $ 1.27
  • lido-staked-solLido Staked SOL (STSOL) $ 181.64
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.69
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,030.13
  • echelon-primeEchelon Prime (PRIME) $ 16.90
  • fraxFrax (FRAX) $ 0.997306
  • klay-tokenKlaytn (KLAY) $ 0.177780
  • livepeerLivepeer (LPT) $ 19.31
  • ocean-protocolOcean Protocol (OCEAN) $ 0.969001
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000107
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  • swethSwell Ethereum (SWETH) $ 3,176.84
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  • oasis-networkOasis Network (ROSE) $ 0.090153
  • arkhamArkham (ARKM) $ 2.75
  • bitcoin-goldBitcoin Gold (BTG) $ 34.24
  • mantra-daoMANTRA (OM) $ 0.725570
  • dydxdYdX (ETHDYDX) $ 2.17
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  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000027
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  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • ankrAnkr Network (ANKR) $ 0.046388
  • altlayerAltLayer (ALT) $ 0.340981
  • celoCelo (CELO) $ 0.850872
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.40
  • pendlePendle (PENDLE) $ 4.64
  • corgiaiCorgiAI (CORGIAI) $ 0.001308
  • stepnGMT (GMT) $ 0.223305
  • memecoin-2Memecoin (MEME) $ 0.025673
  • zilliqaZilliqa (ZIL) $ 0.024158
  • superfarmSuperVerse (SUPER) $ 0.974086
  • 1inch1inch (1INCH) $ 0.379351
  • ether-fiEther.fi (ETHFI) $ 3.79
  • enjincoinEnjin Coin (ENJ) $ 0.295691
  • pax-goldPAX Gold (PAXG) $ 2,328.28
  • manta-networkManta Network (MANTA) $ 1.70
  • terra-luna-2Terra (LUNA) $ 0.619372
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  • 0x0x Protocol (ZRX) $ 0.490379
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  • siacoinSiacoin (SC) $ 0.007122
  • polymeshPolymesh (POLYX) $ 0.380712
  • project-galaxyGalxe (GAL) $ 3.44
  • compound-governance-tokenCompound (COMP) $ 57.86
  • qtumQtum (QTUM) $ 3.74
  • aelfaelf (ELF) $ 0.544805
  • zetachainZetaChain (ZETA) $ 1.65
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  • skaleSKALE (SKL) $ 0.073213
  • paypal-usdPayPal USD (PYUSD) $ 0.998103
  • compound-wrapped-btccWBTC (CWBTC) $ 1,261.04
  • nosanaNosana (NOS) $ 4.46

Bitcoin History Suggesting Significant Price Move Incoming, According to Benjamin Cowen – Here’s His Outlook

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Crypto analyst Benjamin Cowen says that Bitcoin (BTC) has a good chance of printing a significant correction soon based on historical price action.

In a new strategy session, Cowen tells his 788,000 YouTube subscribers that he’s keeping an eye on Bitcoin’s 100-week simple moving average (SMA).

According to Cowen, each time Bitcoin has crossed above its 100-week SMA, BTC tends to go back down to retest it before continuing upward. Since BTC crossed above the 100-week SMA several months ago, Cowen says that there’s a risk to the downside if history is any indication.

The analyst also says that the actions of the Federal Reserve might determine whether Bitcoin will hold the 100-week SMA as support.

“Historically, sometime around this point in the cycle – and actually it’s occurred even later in the cycle as well – we’ve sort of retested that 100-week moving average.

It’s just something that we sort of acknowledge that does seem to be something that comes in at a phase in the cycle. In 2016, we didn’t have a hard landing. I guess you could argue that it was a soft landing. We didn’t even have a recession back then but we did have a recession scare where a lot of people thought there was going to be a recession.

We didn’t really have an inverted yield curve or anything like that but there were other parts of the world where their economies were slowing down and I think there were some arguments that it could happen in the United States. [But] it didn’t, and Bitcoin basically retested that 100-week SMA and continued to move higher. Whereas last cycle, we retested it, got a bounce, but then ultimately fell through.

So I do think that at some point, probably within the first few months of 2024, we’ll see some type of back test of that 100-week moving average, and then the question of whether it holds or not will probably be dependent on whether the Fed achieves a soft landing or, if it’s a hard landing like the last cycle.”

Bitcoin History Suggesting Significant Price Move Incoming, According to Benjamin Cowen – Here’s His Outlook

Source: Benjamin Cowen/YouTube

At time of writing, Bitcoin is trading at $42,297, about 36% above its 100-week SMA.

Generated Image: Midjourney

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