{"id":136498,"date":"2024-08-30T18:00:58","date_gmt":"2024-08-30T15:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136498"},"modified":"2024-08-30T15:45:39","modified_gmt":"2024-08-30T12:45:39","slug":"bitcoin-bearish-trend-could-last-until-2024-analyst-warns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-bearish-trend-could-last-until-2024-analyst-warns\/","title":{"rendered":"Bitcoin Bearish Trend Could Last Until 2024 End, Analyst Warns"},"content":{"rendered":"<p>In his latest video update, crypto strategist Benjamin Cowen states that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> might continue to exhibit bearish trends until the end of 2024.<\/p>\n<p>Cowen suggests that the current downward trend, characterized by lower highs and lower lows, could persist throughout the year.<\/p>\n<p>He also notes that a turnaround could be contingent on the Federal Reserve cutting interest rates by at least 75 basis points, similar to what happened in the previous cycle.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/solo-miner-earns-200000-reward-from-a-single-bitcoin-block\/\" title=\"Solo Miner Earns $200,000 Reward From a Single Bitcoin Block\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/106820278-1609972654383-hand-holding-a-bitcoin-in-front-of-a-computer-screen-with-a-dark-graph-blockchain-mining-bitcoin_t20_pRrrjP.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solo Miner Earns $200,000 Reward From a Single Bitcoin Block<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The Fed is anticipated to start reducing rates in September.<\/p>\n<p>However, Cowen presents a potential scenario where Bitcoin&#8217;s bearish phase could end earlier. He speculates that if the Fed&#8217;s rate cuts in October fall below the neutral rate, Bitcoin might see a reversal as soon as September.<\/p>\n<p>In a more cautious scenario, he believes the bearish trend could last until the end of the year, with a possible rebound in early 2025 following the anticipated rate cuts.<\/p>\n<p><iframe loading=\"lazy\" title=\"Bitcoin: Dubious Speculation\" src=\"https:\/\/www.youtube.com\/embed\/nMJouBMXODs\" width=\"100%\" height=\"464\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent crypto analyst is revising his prediction on when Bitcoin (BTC) might shift to a bullish trend.<\/p>\n","protected":false},"author":3,"featured_media":3090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-136498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Bearish Trend Could Last Until 2024 End, Analyst Warns<\/title>\n<meta name=\"description\" content=\"A prominent crypto analyst is revising his prediction on when Bitcoin (BTC) might shift to a bullish trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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