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Bitcoin (BTC) Crash: Don’t Panic, It’s Still Fine, Shows Top Analyst
The recent market volatility has led to a crash in the price of Bitcoin (BTC), causing many investors to panic and lose their footing. However, top analyst Cowen is urging caution and advising against panicking, stating that this correction was inevitable and necessary for the long-term health of the market.
According to Cowen’s analysis, Bitcoin frequently experiences periods of low volatility and range-bound trading following large rallies. This natural fluctuation gives the market time to settle and prepare for its next move. For those with a macro perspective and long-term holders, this may be an excellent opportunity to accumulate and take a step back, rather than overreacting to short-term price swings.
The analyst’s prediction suggests that Bitcoin may fall further before rebounding and possibly even breaking through the $88,000 mark.
Source: u.today
