{"id":138352,"date":"2024-10-02T13:30:49","date_gmt":"2024-10-02T10:30:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138352"},"modified":"2024-10-02T04:01:46","modified_gmt":"2024-10-02T01:01:46","slug":"here-is-what-could-hinder-bitcoins-bull-market-according-to-crypto-expert","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-what-could-hinder-bitcoins-bull-market-according-to-crypto-expert\/","title":{"rendered":"Here is What Could Hinder Bitcoin’s Bull Market, According to Crypto Expert"},"content":{"rendered":"

Popular crypto expert Benjamin Cowen is cautioning<\/a> <\/strong>that the rising US unemployment rate could significantly affect Bitcoin\u2019s (BTC<\/a><\/strong>) performance.<\/p>\n

Cowen pointed out the historical link between employment figures and risk assets, suggesting that if unemployment continues to increase as the year ends, Bitcoin may remain trapped in a bearish trend.<\/p>\n

He noted that, based on historical cycles from the year 2000, the unemployment rate could rise to around 4.8% to 4.9% by year-end. Cowen believes that if this happens, Bitcoin will likely struggle to break through its current lower-high price structure.<\/p>\n