Frog-themed cryptocurrency, Pepe (PEPE), exhibits a mild uptick, standing out in a bearish market scenario as its trading volume increased by over 55% within the past 24 hours.Despite this short-lived resurgence, on-chain indicators and past internal conflicts cast a long shadow on PEPE’s potential bullish comeback. Amidst the market’s bearish demeanor, a frog-themed cryptocurrency, Pepe (PEPE), presented a sliver of hope to its stakeholders by registering a mild uptick in its trading session on Monday. While the majority of the cryptocurrencies were painted red with Bitcoin dwindling over 2% to hover near the $26,000 mark, PEPE moved against the grain by marking a 1.44% rise within the last 24 hours, reaching a value of $0.0000006861. Tracing PEPE’s Temporary Leap In the cryptic narrative where every digit swings the fortunes, the minimal uptick by PEPE, even as minuscule as it seems, didn’t go unnoticed. The volume of PEPE’s trade soared by more than 55% within the past day, translating to over $65 million in PEPE tokens being traded. This sudden burgeon prompts the investors and market analysts to ponder upon a potential rejuvenation in interest towards this frog-themed cryptocurrency. However, casting a stark shadow over this fleeting rise is the cryptocurrency’s past performance. The PEPE price graph still reminisces the steady decline from its mid-July high of $0.00000188. The narrative further tangles when observed through the lens of on-chain metrics. Despite the mild uptick, PEPE continues to linger beneath its daily MA 50 at $0.00000089, with the daily RSI sustaining below the neutral 50 mark. This technical stance indicates a longer consolidation phase before any significant bullish movement can be anticipated. The ‘Asset Activity Matrix’ by Santiment furthers this narrative by categorizing PEPE among the cold assets, signifying an unusually low activity over the last 90 days. Adding a layer of complexity to PEPE’s storyline is its internal conflict that transpired earlier. A fallout led to three former team members pilfering a whopping 16 trillion PEPE tokens, summing up to 60% of the 26 trillion PEPE tokens held in the multisig wallet. The fiasco not only dimmed the token’s market sentiment but also unmasked the security frailties when on September 9, an official announcement flagged a security breach within the Pepe Telegram account. This nuanced blend of a fleeting uptick amid lingering gloom encapsulates the convoluted journey of Pepe (PEPE) in the cryptocurrency realm, unveiling the delicate threads of hope, skepticism, and caution interwoven in its market narrative.

Over the past 24 hours, most of the popular meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) saw their prices rise, but Bone ShibaSwap (BONE) experienced a price decline despite its success over the past week. However, all 4 tokens still have the potential to see their prices rise in the coming days if things go well. Shiba Inu (SHIB) Since mid-April of this year, Shiba Inu (SHIB) has been experiencing a volatile journey in the cryptocurrency market, with its price fluctuating between the lower end at $0.0000068 and the upper end at $0.0000076. At press time, the meme coin was worth about $0.00000725 after its price experienced a slight 0.50% increase in the past 24 hours of trading. However, SHIB’s price was still in the red by more than 10%, which highlights the current pessimistic sentiment prevailing around the meme token. If a bearish breakout for SHIB ends up happening, the cryptocurrency’s price might aim for the June low, which stands at $0.000006. On the flip side, should Bitcoin (BTC) undergo a rally surpassing $27K, it could serve as the trigger for an unforeseen bullish upswing for SHIB. Additionally, should SHIB successfully maintain its support at $0.0000070, it has the potential to trigger a shift in sentiment and possibly facilitate a price rebound, targeting levels above $0.00001. Dogecoin (DOGE) The price of Dogecoin (DOGE) also only recorded a slight 0.21% uptick in its price throughout the past day, which left it trading hands at $0.06068 at press time. The price of the meme coin did, however, fall by more than 2% throughout the past week. The price of $0.06 holds significance for the leading meme coin as it serves as a psychological milestone for both investors and traders. Whenever DOGE has experienced a decline to this level, it has consistently demonstrated the ability to recover, creating a sense of reliability around this price point. The fact that DOGE’s volume has remained relatively stable could highlight the strength of the $0.06 support level. The token’s capacity to sustain this price level also has the potential to act as a catalyst leading to an upward price move for DOGE to the next resistance around $0.06344. Pepe (PEPE) Pepe (PEPE) was able to score a spot on CoinMarketCap’s trading list after its price was able to climb by more than 4% in the past 24 hours. As a result, the token was worth about $0.0000007377 at press time. In addition to this, PEPE’s price managed to increase by 17.48% in the past seven days. However, the meme cryptocurrency suffered losses of 11.92% in the past month. PEPE’s price rebounded off of the key support level at $0.0000005830 on 22 September 2023. Since then, it has been in a positive sequence that has lasted for multiple days. Subsequently, the meme coin’s price was attempting to break above the barrier at $0.0000007520 at press time. If it is able to break above this significant mark, then it may continue to rise to the next major resistance level at $0.0000009809 in the following few days. Conversely, PEPE failing to close a daily candle above $0.0000007520 within the next 48 hours could result in its price retracing back down to the aforementioned $0.0000005830 support. Bone ShibaSwap (BONE) Out of all the more popular meme coins, Bone ShibaSwap (BONE) was one of the few that saw its price decline over the past 24 hours. At press time, BONE was worth $0.8667 after its price slipped 3.62%. However, its success earlier in the week was still evident in the fact that its weekly performance remained in the green by more than 7%. Meanwhile, BONE followed somewhat the same trend as PEPE over the past week. Similarly, it had rebounded off of the key support at $0.7675 during this period and has been in a positive sequence ever since. However, BONE was able to break above a key resistance level over the past 48 hours, but has since pulled back to trade back below it. Through the course of the previous 2 days, BONE was able to overcome the $0.9065 mark, but sellers forced its price back down. Nonetheless, the meme coin’s price could still rise to $1.0215 in the next week if it is able to close a daily candle above $0.9065. Conversely, failure to close above this level in the next 72 hours could lead to BONE falling to $0.7675. $SHIB $DOGE $PEPE

Bitcoin Cash (BCH) sustains a promising position above $210, spurred by heightened buying activity, edging closer to the key $220 price threshold.A recent spike in BCH value led to a $650k loss for sellers, hinting at an advantageous market posture for buyers. The crypto landscape is often turbulent, yet some cryptocurrencies manifest a resistance to this volatility. Bitcoin Cash (BCH) is one such contender, managing to cement its standing above $210, despite market fluctuations. The path to $220, albeit challenging, now seems within reach thanks to an increase in buying pressure. This particular scenario unfurled a harsh reality for sellers, who witnessed a considerable loss of $650k. Overcoming the $220 Impediment The journey of BCH from the $186 support level, reaching and maintaining a stance above $210, showcases the potential for further bullish tendencies. The $220 to $230 price zone, however, looms as a substantial hurdle. Despite being repelled twice at this level, on August 29 and September 15, the current market dynamics offer a glimpse of hope for BCH enthusiasts. At the crux of this optimism are on-chart indicators. The Relative Strength Index (RSI), traversing above the neutral 50 mark to 58 at the time of writing, signals a prevailing buying vigor. Concurrently, the Chaikin Money Flow (CMF) index at +0.05 underscores an uptick in capital inflows, painting a favorable scenario for buyers. Should BCH manage to vault over the $220 barrier, the roadmap towards $240 to $250 appears relatively unencumbered. However, a slump below $200 could jeopardize this bullish narrative, potentially thrusting BCH back towards the $186 support echelon. A Misstep for Shorts The bullish inclination of BCH has not boded well for short sellers in the derivatives market. Data extracted from Coinglass unveils a whopping $650k loss for shorts over the past 24 hours, accounting for 95.11% of total liquidations within this timeframe. This staggering liquidation highlights a significant market tilt in favor of buyers, as illustrated by the dominant 51% share commandeered by longs on the exchange’s long/short ratio. The unfolding narrative for BCH speaks volumes about the intricacies of crypto market movements, where a blend of on-chart indicators and market sentiment plays a pivotal role in determining the trajectory of digital assets like Bitcoin Cash. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BitcoinCash #BCH # $BCH

According to Cointelegraph: In a recent market development, Bitcoin prices have seen a 2% jump, pushing the value close to $27,000, reigniting hopes of an uptrend for the popular digital asset. This surge came before Wall Street trading, making analysts optimistic about reaching a price target of $30,000 in October. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView indicates the uptick as bulls mark $26,823 on Bitstamp, raising analysts' speculations of Bitcoin crossing the $30,000 mark in the upcoming month. Prominent trader Skew attributes this probable rise to thin overhead resistance, suggesting a breakout could be imminent. Further supporting the bullish sentiment, on-chain monitoring resource Material Indicators also noted an increased activity from a specific class of impactful whales on Bitcoin prices. Furthermore, the recent move above $26,500 invalidated a warning signal related to a daily "death cross," previously laid at the beginning of the week. Crypto analysts are not foreseeing any major liquidations, with monitoring data from CoinGlass showing modest short liquidations. As at reporting time, Bitcoin was trading around $26,700, with volatility remaining relatively steady. With these emerging positive signals, the crypto market awaits an optimistic October. BTC/USD annotated chart. Source: Michaël van de Poppe/X

Main TakeawaysHeightened interest in Binance Academy, with user growth of 62% in just a year, underscores the global demand for cryptocurrency and blockchain education.Data from 2023 shows that Binance Academy users tend to focus on topics such as the metaverse, Bitcoin, crypto wallets, and candlesticks.In addition to providing free educational material online, Binance Academy has now partnered with over 180 universities, enriching crypto and Web3 education for 15,000+ students.Binance Academy reinforces its leadership in crypto education with impressive user growth, strategic partnerships, and a focus on the latest trends in blockchain technology.The world of finance is rapidly evolving, and cryptocurrency has emerged as its most fascinating sector. With this digital-asset revolution comes the need for access to comprehensive and accessible education. That's where Binance Academy steps in.A leader in its field, Binance Academy provides an up-to-date, comprehensive, and universally accessible online platform for crypto education. Data from September 2022 to August 2023 shows that the platform has experienced impressive growth, highlighting the continued global interest in cryptocurrencies and blockchain technology.In this blog, we'll take a closer look at the trends underscored by Binance Academy's recent success, as well as the platform's mission to revolutionize crypto education and make information accessible to millions worldwide — both via traditional and online formats.A Year of Phenomenal GrowthBinance Academy, the educational arm of the Binance ecosystem, has seen an impressive 62% user growth over the past year, reaching a total of 39 million crypto enthusiasts since its launch in 2018. This uptick isn't just a number; it signifies the global appetite for understanding the intricacies of cryptocurrency and blockchain technology.But why the spike in interest? Several elements contribute to this surge, especially in emerging markets such as India, Bangladesh, Turkey, Ukraine, and Indonesia — all of which ranked as the top countries for users seeking crypto education on Binance Academy. “Faced with high inflation and limited access to traditional finance, people are seeking alternatives to protect their funds," says Yi He, co-founder of Binance. "Crypto is the solution. As individuals become eager for crypto knowledge to help them make informed decisions, the education provided by Binance Academy becomes crucial to their own financial freedom."Popular Topics in 2023With an ever-expanding array of courses and educational material, Binance Academy has something for everyone. According to the data for 2023 so far, the trending topics among readers seeking crypto education through Academy’s resources include:1. The Metaverse: Virtual worlds and their digital economies are no longer futuristic concepts. They are here and gaining traction. This is reflected in the soaring interest in the metaverse.2. Bitcoin: Its endurance and relevance continue, holding strong as a primary topic of interest.3. Crypto Wallets: The fundamental tool for anyone involved in cryptocurrency, wallets remain crucial to understanding the operational aspects of crypto.4. Candlesticks: For those dipping their toes into the waters of crypto trading, understanding candlestick patterns is essential to reading market trends.Education Meets CollaborationRecognizing the potential of crypto and the need for informed professionals in the workforce of the future, traditional educational institutions are now also increasingly on board with delivering Web3 knowledge. Binance Academy has, to date, collaborated with over 180 universities worldwide — up from 73 the previous year. These partnerships aren’t just about numbers; they reflect a global acknowledgment of the transformative power of blockchain technology.“In our rapidly developing world of digital finance, crypto education is the cornerstone of this transformation,” says Binance’s co-founder, Yi He. “Crypto education is needed across all levels of society to achieve adoption and increase financial equity and freedom. I believe we will see more educational institutions integrate blockchain courses into their curricula, which will further unlock the potential of this technology and boost industry growth.” Final ThoughtsCrypto education isn’t just a trend; it's a necessity in our fast-paced digital landscape. Binance Academy, with its extensive and ever-expanding resources, is at the forefront of this educational movement, ensuring that every individual, from novice to expert, has the tools they need to navigate the crypto world. As we move ahead, one thing is clear above all else: true financial freedom in this digital age starts with education.For more in-depth insights, courses, and tutorials, visit Binance Academy.Further ReadingWhat Is the Metaverse?What Is Bitcoin and How Does It Work?How to Read the Most Popular Crypto Candlestick PatternsRisk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

Bitcoin (BTC) Dominance Rebounds to Year's High: What Does It Mean? Bitcoin's dominance in the cryptocurrency market has surged to its highest level this year. But what does this uptick in dominance signify, especially for altcoins and the broader crypto ecosystem? Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin holds. When Bitcoin's dominance rises, it often indicates that investors are favoring Bitcoin over other altcoins. This could be due to a variety of reasons, such as increased confidence in Bitcoin's stability, technological advancements, or significant news events related to Bitcoin. On the flip side, high Bitcoin dominance can spell a period of stagnation or decline for altcoins. If investors are flocking to Bitcoin, it might mean they are moving their funds away from altcoins, leading to potential price drops for these alternative cryptocurrencies. #bitcoin #BTC $BTC

Shiba Inu's weekly burn rate saw a mild uptick as more SHIBs were burned in the last seven days. Specifically, the Shiba Inu weekly burn rate grew by 37.14%, according to a graphical representation posted alongside a tweet by the Shibburn initiative. In the last 7 days, there have been a total of 782,347,341 $SHIB tokens burned and 75 transactions. #shib pic.twitter.com/mPoNk8c7kv— Shibburn (@shibburn) September 24, 2023 In the last seven days, a total of 782,347,341 SHIB tokens were burned in 75 transactions. This amounts to $5,797 in dollar value. Shiba Inu only saw over half a billion, or 570,455,129 SHIB, in the week before this one. With 782 million SHIB burned in the week just concluded, Shiba Inu saw a rise of 212 million tokens burned compared to the week before. Meanwhile, the daily burn rate is down nearly 67%, suggesting a decline in the amount of SHIB burned daily. In the last 24 hours, only 79,598,642 SHIB tokens were burned in 11 transactions, amounting to only a meager $589. Shiba Inu volumes jump 100% According to CoinMarketCap data, Shiba Inu trading volume has risen 100% in the last 24 hours as traders continue to bet on the SHIB price. A total of 18,780,662,117,246 SHIB, amounting to $138 million, were swapped in the last 24 hours, leading to an increase in trade volumes. Shiba Inu saw a spike to highs of $0.0000077 on Sept. 23, consolidating on the gains from the day before; however, bulls could not sustain the tempo. At the time of writing, SHIB had eased some of its intraday gains and was marginally up in the last 24 hours to $0.0000073. Shiba Inu remains in a trading range; a break above the daily moving averages 50 and 200, located at $0.0000082 and $0.0000088, might signal a breakout from this range. The daily RSI slightly below the 50-neutral level might suggest that bulls might take more time to consolidate before launching the next major move. $SHIB

#XRP is making a bold move on the market, reversing its recent negative fall. The value of one bitcoin has increased by 1.2% in the previous 24 hours, bringing its price on spot markets to $0.5102. The recent uptick in XRP price of 3.61% is rapid, but it is notable since it is supported by the cryptocurrency's historical performance over the last seven days. In an unstable market, this is a crucial turning point for XRP, and the plan to close the week on a high note takes shape. There are other inferences to be drawn from the fact that XRP trade volume has not increased in line with the price increase. One apparent reason is that the expansion is the result of a small number of factors and so cannot be relied upon to maintain a constant increase in prices. This week long, $XRP has been front and centre as prominent trading platforms around the world have reported unprecedented levels of accumulation. Demand for XRP remains promising for the cryptocurrency's eventual expansion push, as seen by the more than 120 million XRP tokens accumulated on Bithumb, as previously reported. There has been a discernible gap between the demand for XRP coins from individual traders and that from institutional investors throughout the years. Despite XRP's massive community of holders, whale buyers have just recently begun matching XRP holders' dedication to buying the coin. The fact that most entities have stopped adding to their holdings of the currency indicates that the biggest barrier to expansion has been removed following Judge Torres' ruling that the coin is not in essence a security and its relisting by leading trading platforms.

Over the past day, the price of #pepe has increased by 20%, breaking over the $0.00000071 upper limit of a negative technical formation. Open interest increased by 13.92 million within the same period, going from $12.57 million to $26.49 million. A 320% rise in trade volume raises the likelihood of a prolonged move north with a 15% climb in sight. $PEPE coin (PEPE) appears to be reawakening as it tests the top of a bearish channel with potential for further increases, but this will all rely on how much the holders are willing to postpone taking their profits. Open interest in Pepe increases by 110% The price of pepe has increased by 20% over the past day and is currently testing the $0.00000071 upper limit of a parallel falling channel. After a 645% decline, there has been a comeback rally, and the meme coin is still imprisoned inside the confirms of the bearish chart pattern. Despite the likelihood of an uptick, PEPE is still in the red until it confirms a break and closure above the $0.00000073 resistance level. This action would represent a 15% increase over existing levels. The Awesome Oscillator (AO) and Relative Strength Index (RSI) are trending higher, suggesting that momentum is increasing, further favouring the bulls. According to statistics from Coinglass, a platform for analysing cryptocurrency derivatives data, open interest for PEPE has increased by 110% to $13.92 million. From September 22 and 23, it specifically increased from $12.57 million to $26.49 million. An increase in open interest—the total of all short and long positions—means more money is entering the market, which is a positive sign. That raises the likelihood that the current trend will continue. The fact that more people are accepting job openings than are resigning further suggests that token holders have a renewed interest in the PEPE coin. The positive prognosis is supported by Santiment, a platform for behaviour analytics for cryptocurrencies, which shows increased activity on metrics of exchange inflows, outflows, and the number of whale transactions with more than 100,000 USD in their accounts. The abundance of transactions into and out of exchanges suggests increased investor activity. With the transfers it performed today, Wintermute Trading, a sizable market maker, shifted 8.3 trillion PEPE to major exchanges. This is worth around $5.5 million at the current exchange rate. However, a crypto whale with the short wallet address 0x9d5 was actively accumulating huge sums of PEPE from exchanges, and during the day, a large number of PEPE tokens, totaling at least $100,000, were transferred to the exchanges. This could indicate a desire to sell, which would limit PEPE's opportunity for growth. Increasing selling pressure might cause the price of Pepe to reenter the channel at $0.00000071, invalidating the bullish argument if PEPE breaks and closes below $0.00000070. A 30% fall would result from such a shift.

XRP Today information Price: $0.508323 USD (up 0.14% in the last 24 hours) Market Cap: $27,065,796,702 USD 24H Trading Volume: $793,467,681 USD Circulating Supply: 53,245,240,268 XRP Max Supply: 100,000,000,000 XRP XRP is the native cryptocurrency of the XRP Ledger, an open-source, public blockchain designed to facilitate faster and cheaper payments. XRP is often used as a bridging currency to settle cross-border transactions quickly and cheaply. XRP price news XRP has been relatively stable in recent weeks, trading in a range of $0.48 to $0.52. However, the price has seen a slight uptick in the last 24 hours, likely due to the overall positive sentiment in the cryptocurrency market. XRP developments Ripple, the company behind XRP, has been making a number of developments in recent months. In particular, Ripple has been working on expanding its On-Demand Liquidity (ODL) service, which allows financial institutions to use XRP to settle cross-border payments in real time. XRP outlook The outlook for XRP is positive in the long term. XRP has a number of advantages over other cryptocurrencies, including its fast transaction speeds, low fees, and scalability. Additionally, Ripple is well-positioned to capitalize on the growing demand for cross-border payments. #crypto2023 #BinanceTournament #Binance #XRP $XRP

📊 U Today Analysis: XRP is making a very promising maneuver on the market today as it has reversed its previous bearish slump. The digital currency is currently priced at $0.5102 on spot exchanges after welcoming a marginal rise of 1.2% in the past 24 hours. The XRP resurgence is, however, sudden but is notably backed up by its legacy performances in the past seven days, where it has jumped by 3.61%. It is a major tipping point for XRP as the market is in an unsettled state, and the plot to end the week on a positive note thickens. The current trading volume of XRP has failed to move in tandem with the uptick in price, a trend that implies a number of facts. One very obvious explanation is that the growth is a product of a few entities and cannot be banked on for a sustained price surge. XRP has been in the spotlight all week long with records of impressive accumulation recorded on top trading platforms across the board. With more than 120 million XRP coins accumulated on Bithumb, as reported earlier, the demand for XRP remains encouraging for its ultimate growth push.

In recent weeks, the Bitcoin market has witnessed a surge in aggressive shorting on major exchanges, most notably on Binance. This development has sent ripples through the cryptocurrency community, with traders and analysts closely monitoring the situation. As a result of this increased shorting activity, Bitcoin’s price has experienced a notable 4% uptick since the trend emerged last week, sparking speculation about its potential continuation. Trading Strategy, Shorting Shorting, a trading strategy where investors bet on an asset’s decline in value, has become a contentious topic in the crypto space. When traders take short positions, they effectively borrow and sell a crypto with the expectation of repurchasing it at a lower price, thereby profiting from the price drop. This surge in shorting indicates a prevailing bearish sentiment among traders. Potential For Short Squeezes One key factor to consider in this situation is the potential for short squeezes. A short squeeze occurs when the price of an asset unexpectedly rises, forcing short sellers to buy back their positions at a loss to limit their losses. This sudden buying pressure can lead to a rapid and significant price increase. With the recent increase in short positions, the market becomes more susceptible to such squeezes, which could potentially drive Bitcoin’s price even higher. Cryptocurrency Volatility However, it’s essential to approach this situation with caution. The cryptocurrency market is known for its volatility, and price trends can change rapidly. While the current sentiment leans towards a bullish outcome due to the increased shorting activity, external factors such as regulatory developments or macroeconomic events can swiftly alter the landscape. Final Thoughts In conclusion, the surge in aggressive shorting on Binance and other exchanges has undeniably influenced Bitcoin’s recent price performance, pushing it up by 4%. The potential for short squeezes adds to the intrigue of this situation, making it an exciting period for cryptocurrency traders. Nonetheless, market participants should remain vigilant and consider all factors at play, as the crypto market remains highly unpredictable. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BTC #bitcoin #crypto2023 $BTC

Cryptocurrency markets have been a rollercoaster ride in recent times, and Bitcoin (BTC) has been at the forefront of these fluctuations. We delve into the insights of crypto strategist Benjamin Cowen, who shares his perspective on Bitcoin's price movements. Cowen, with a substantial following of 787,000 subscribers on YouTube, offers his analysis on what lies ahead for the world's leading cryptocurrency. Bitcoin's Short-Term Outlook Benjamin Cowen observes that Bitcoin is likely to see a short-term uptick in its price. He suggests that this surge may lead the cryptocurrency to test its bull market support band, which comprises the 20-week simple moving average (SMA) at $27,888 and the 21-week exponential moving average (EMA) at $27,227. Cowen explains that while some remain bullish, he anticipates a subsequent decline, indicating a larger bearish trend. Testing Bullish Sentiment Despite the ongoing uncertainty in the crypto market, Cowen acknowledges that many are still holding onto hope for Bitcoin's upward trajectory. He points out that there hasn't been a lower low yet, giving the bulls reason to believe. However, he cautions that this low might eventually be surpassed. Cowen describes the current scenario as the bulls giving it another chance and attempting to break through the resistance. If they fail to do so, he anticipates a potential drop to around $22,890. Short-Term Price Prediction Benjamin Cowen's analysis includes a short-term price prediction. He expects Bitcoin to briefly surge to the $28,000 price range before resuming its downward trend, potentially falling below $20,000. This prediction reflects his belief in the likelihood of Bitcoin encountering resistance at the bull market support band. Long-Term Possibilities Cowen maintains that for Bitcoin to establish a more sustained bull market, it must not only break above the bull market support band but convincingly remain above it. He emphasizes the need for multiple consecutive weekly closes above this level to confirm a genuine upward trend. Despite short-term uncertainties, Cowen remains cautiously optimistic about the potential for higher Bitcoin prices in the long term. In Summary Benjamin Cowen's insights provide valuable perspectives on Bitcoin's price movements. While the cryptocurrency market remains highly unpredictable, his analysis highlights the importance of monitoring key support and resistance levels to gauge the overall market sentiment. As Bitcoin continues to evolve, staying informed about expert opinions like Cowen's can be instrumental for investors and enthusiasts alike. #bitcoin #BenjaminCowen #bullmarket #bearmarket #BTC $BTC