Stock Market Hinting at a Bitcoin Reversal? Crypto Analyst Benjamin Cowen Looks at Under-the-Radar Price Action - BitcoinEthereumNews.com
Bitcoin क्रिप्टोस्टॉक मार्केट बिटकॉइन रिवर्सल पर इशारा कर रहा है? क्रिप्टो विश्लेषक बेंजामिन कोवेन अंडर-द-रडार मूल्य कार्रवाई को देखता है03 / 01 / 2022बिटकॉइन एथेरियम समाचार A closely followed crypto analyst is assessing how the stock market will impact the price of Bitcoin (BTC) moving forward, as the top crypto asset begins to break its correlation with global markets. In a new strategy session, Benjamin Cowen tells his 716,000 YouTube subscribers that while he expects the stock market to have a significant impact on the price of crypto assets, he highlights a new development that bodes well for BTC. One of the things that I think will probably dictate what crypto does to some extent is the stock market. What are the S&P and Nasdaq doing? Whats interesting to me is that the Nasdaq put in a lower low, but Bitcoin did not. I think that looks pretty good for Bitcoin. According to Cowen, traders should monitor the performance of Bitcoin relative to the bull market support band as it can be a signal for altcoins to start rallying. BTCs bull market support band is currently hovering around $47,000. At time of writing, Bitcoin is trading at $44,109. The reason I care about it is because we