Bitcoin Could Witness a Capitulation Event Before Soaring Higher Next Year, According to Analyst – Here’s Why

Popular crypto strategist Benjamin Cowen is warning that one macroeconomic data could derail Bitcoin’s (BTC) breakout above $70,000. Cowen tells his 873,000 followers on the social media platform X that he believes Bitcoin’s reaction around the $70,000 psychological level will determine whether BTC follows the cyclical or the monetary policy view. The analyst points out The post Bitcoin Could Witness a Capitulation Event Before Soaring Higher Next Year, According to Analyst – Here’s Why appeared first on The Daily Hodl .

Source: The Daily Hodl