Benjamin Cowen predicted a fall of more than 50% from current levels. At the same time, the maximum growth, according to the analyst, will not exceed 30%.
That is, it will gravitate to the lower boundary of the level, as the overall situation for bitcoin is not too positive.
“Of course, I could be very wrong, this is just my opinion.
However, if bitcoin goes higher, then in the first half of the year, but in the second half we will see a recession, and this will also put pressure on bitcoin,” said the crypto-expert.
Benjamin Cowan believes that along with the development of bitcoin, its volatility will continue to decline, and therefore the ability to generate income.
As an example, he cited 2019, when bitcoin rose 341% from the lows of 2018. And in 2023, the growth was only 100% from the low in 2022.
Earlier, the analyst said that there are too many illiquid and simply fraudulent meme-coins on the market and said that most of them will depreciate and disappear.