The debate over the peak trajectory of Bitcoin

Cryptocurrency analyst Benjamin Cowen questions whether Bitcoin (BTC) followed a historic cycle or reached its peak early. Cowen points out the possibility of reaching the peak earlier in the upcoming period following Bitcoin reaching its all-time high and the approaching block reward halving compared to previous cycles. Bitcoin’s Future Peak Discussing the possible effects of the Federal Reserve’s (Fed) interest rate cuts on Bitcoin, Cowen emphasizes that if Bitcoin shows a consistent withdrawal following any interest rate cut by the Fed, this could signal a peak in 2025. Cowen states that if Bitcoin does not experience a significant correction or consolidation period after Fed interest rate cuts, it could be a sign of an earlier peak than expected, comparing the timing of the first peak and major bubble peak after block reward halvings between 2013 and 2021. How Do Fed Interest Decisions Affect the Market? The Fed’s decision to keep […]

The debate over the peak trajectory of Bitcoin

Cryptocurrency analyst Benjamin Cowen questions whether Bitcoin (BTC) followed a historic cycle or reached its peak early. Cowen points out the possibility of reaching the peak earlier in the upcoming period following Bitcoin reaching its all-time high and the approaching block reward halving compared to previous cycles.

Bitcoin’s Future Peak

Discussing the possible effects of the Federal Reserve’s (Fed) interest rate cuts on Bitcoin, Cowen emphasizes that if Bitcoin shows a consistent withdrawal following any interest rate cut by the Fed, this could signal a peak in 2025.

Cowen states that if Bitcoin does not experience a significant correction or consolidation period after Fed interest rate cuts, it could be a sign of an earlier peak than expected, comparing the timing of the first peak and major bubble peak after block reward halvings between 2013 and 2021.

How Do Fed Interest Decisions Affect the Market?

The Fed’s decision to keep interest rates at 5.5% during the March meeting and leaving open the possibility of interest rate cuts supported upward movements in Bitcoin and altcoins. Now, as market participants await the next interest rate decision, the expectation is for interest rates to remain unchanged at the Fed meeting scheduled for May, based on CME FedWatch Tool data.

According to Cowen’s expectations, Bitcoin could reach its peak in April 2025 and then move into a consolidation phase. However, the possibility of Bitcoin not reacting to Fed interest rate cuts indicates that the peak could be reached earlier than expected.

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