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Analyst Benjamin Cowen is detailing a potential worst case scenario for Bitcoin and the crypto markets at large.
If this bearish cryptocurrency market structure plays out, the total market cap of all cryptocurrencies would finally reach a bottom at around the $500 billion mark, which suggest a Bitcoin price bottom of about $10,000 per BTC.
“This is something to consider. It’s the worst case scenario. I have no idea if it’s going to play out or not, but it’s something that everyone I think should consider when navigating the cryptoverse.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3To5t3s
✔ Mt. Gox Bitcoin Dump Rumors Dismissed: https://bit.ly/3co2Myx
✔ Global Crypto Adoption Exceeds $320M Users: https://bit.ly/3QWPuI4
✔ Visa, Mastercard and Binance Partnership: https://bit.ly/3RgGbT1
✔ Bitcoin $10K Prediction: https://bit.ly/3QWPTKA
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #btc
33 Comments
👍🏼 LIKE & Comment below for chance to win $50 in FREE BTC!
This is my⬆️first time of receiving BTC since have been on yubetube with the help of this team below👆Thank you for $5,000 sir I am very grateful👍👍👍
AMZR33 at less than $1. is like BTC at $100. When AMZR33 finally blows it's gonna be epic.
should you sell a little of AMZR33 when you start to make a profit or just hold?
No risk, no reward. Do not lnvest what you cannot afford to lose. Stake your AMZR33!
Thanks for all the crypto news we need. No bias no BS just what’s out there.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Diamond hands here man. I am patiently waiting for when we hit 1 million per BTC and even then I am not selling all my crypto. BTFD and DCA like crazy. I don't trust fiat money anymore especially when they deploy their CBDC's and with a push of a button they can freeze or confiscate your accounts. Peace!!!
Cheers for the shout out JV ✌️😎 Loved the show, thank you.
I admire Ben's work and think we should not disregard the warnings he yields! That said, I also think markets could surprise and turn around when least expected. Tough one to call ATM, so DCA is the strategy ✌️
Thanks again for the another action packed up date JV your the man! I'm waiting for BTC to dip below 16k then buying the dip. Powell is not done.
$10k bitcoin would be a great thing for us minnows
Hard to accumulate much when the price was $69k USD….
The long term picture hasn't changed. Mass adoption happening now, HODL
Mount Gox delay which is great news. Will be interesting to see what happens when the funds are released. Just got to keep buying Bitcoin under 20k. Going to be a fun month ahead 😉
I’ve been through so much these past years to the point where I just gave up and laid there for weeks waiting to get better, but I knew nothing would get better and I’m jus t stuck in one place or just repeating a lot of stuff that happened that I knew would not get better, but one day I just decided to get away from the things that hurt me and try to be as happy as I can be and make the best of it.
I say a big thank you to Axelstocksfx for being reliable when it comes to crypto currency investment.
Amazing work as usual, thank you.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 7 btc and 15ETH from day-trade with Leroy Davids Crypto in few weeks
No Fear here! HODL.
Loving the global adoption news. It’s exciting and makes me more bullish. HODL!!!
Hello JV hello everyone how we all doing today 🦖✌️
And this one’s for the algorithm 🦖✌️✊
Algorithm
Algorithm
Algorithm
Algorithm
Algorithm
Algorithm
And this should do it 🦖✌️🇺🇦✊
T
Yesssss finally I see an OG win!!! Congrats Ellen!!!!
Aloha JV! Awesome show this Monday morning… I can always count on CNA to deliver the latest rundown of the cyrpto markets! m/
Ooh look at that Luna classic pumping 😂 hopefully everyone is stacking their eth. At this issuance and burn rate, Eth will be worth than $hitcoin in 4 months for you price chasers. Great that Mt Gox isn’t issuing any $hitcoin but wow the Visa partnership is yuge!
These arrogant Mfers calling their guesses predictions are going to get some of y’all rekt
The USD can't go up forever 😉
I don’t see 10k btc ever happening unless we have a major black swan catalyst. 14k seems more realistic as a floor sometime in the next 8 months.