2025-01-16 21:05:16

Short-Term Bitcoin Predictions

According to Cowen, if Bitcoin fails to maintain a position above the $100,000 threshold, it could experience a decline of approximately 28%, potentially stabilizing around $88,000 to $89,000 before a further drop to $70,000. Currently trading at about $100,300, Bitcoin's performance remains closely tied to major indices such as the S&P 500 and Russell 2000.

Traders are advised to closely monitor U.S. Treasury yield rates, as fluctuations in these rates can significantly influence Bitcoin’s market dynamics. Cowen underscores the importance of surpassing key resistance levels to mitigate the risk of further market contraction.

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BTC1.78%

T1.79%

S7.1%

MAJOR1.51%

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