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Bitcoin can hit $140k in the near-term, an analyst said Inflation or rising unemployment could trigger a sooner-than-expected selloff Investors should manage risk instead of predicting the market Bitcoin could hit $140,000 in the next few months, some analysts are saying. However, there are challenges and uncertainties along the way, that could throw a wrench in the works and complicate things. Let’s dig deeper into bitcoin’s price analysis and see what might happen in the near-term. Cowen Analyzes the Market Earlier today, a prominent crypto analyst, Benjamin Cowen, released a new in-depth video analysis of bitcoin’s price chart, and discussed potential movements.  Cowen runs a popular channel called “Into The Cryptoverse”, where he shares in-depth market analysis, price predictions, and strategies related to cryptocurrencies.  In his new video, titled Bitcoin: Post-Halving Year, Cowen dissected bitcoin’s performance in previous post-halving years to try and predict future trends. The years 2014 and 2018 served as key examples for understanding potential outcomes, he said, adding that post-halving years often exhibit volatility and mixed results, followed by gradual increases.  The same thing, he says, happened in 2017 and 2021.  Related: Bitcoin Halving Cycle Points to Altcoin Boom, Analyst Says Curbing the Enthusiasm While Cowen still expects bitcoin to rise in the coming months, his analysis strikes a measured tone. Recent post-halving years have shown diminishing returns compared to previous cycles, which could mean that the top of this bull-run might be closer than we think. There is potential for bitcoin to hit $120,000 – $140,000 in the next few months, he said, following historical patterns. However, if inflation or unemployment rises sharply, which can always happen and is quite hard to predict, bitcoin may experience a significant sell-off earlier in the year. Related: Expert Questions Bitcoin Halving’s Power to Drive Price Increase He also…

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Filed under: News - @ January 23, 2025 5:25 pm