Expert Anticipates ‘One Final Drop’ in Bitcoin and Crypto Prices in 2024: Predicts Final Recovery Date
Benjamin Cowen, a prominent figure in the crypto analysis space, has shared insights regarding the future trajectory of Bitcoin, Ethereum, and other crypto prices. He suggests that the market may not experience a significant recovery until 2025.
Cowen explains the current state of the U.S. Dollar Index (DXY). The figure currently stands at 104,. He notes that the long-end of the yield curve is likely to continue its upward trend in the short term.
This situation could lead to a challenging environment for cryptocurrencies. As a consequence, a shift in market momentum.
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Show more +Cowen predicts that the market might face “one final drop” in prices in November and December 2024.
He believes this dip could serve as a precursor to a recovery phase that would begin in 2025. Additionally, he foresees Bitcoin’s dominance rising to 60% during this period, with Ethereum also expected to reclaim its standing in the market.
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