{"id":140865,"date":"2024-10-29T18:30:07","date_gmt":"2024-10-29T16:30:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140865"},"modified":"2024-10-29T15:29:12","modified_gmt":"2024-10-29T13:29:12","slug":"macroeconomic-data-could-thwart-bitcoins-surge-analyst-warns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/macroeconomic-data-could-thwart-bitcoins-surge-analyst-warns\/","title":{"rendered":"Macroeconomic Data Could Thwart Bitcoin\u2019s Surge, Analyst Warns"},"content":{"rendered":"
According<\/a> <\/strong>to Cowen, Bitcoin\u2019s response around this psychological level will be crucial in determining whether it adheres to historical patterns or follows the recent monetary policy outlook. He highlighted that while Bitcoin<\/a> <\/strong>typically sees gains during the fourth quarter of a halving year, macroeconomic factors could delay any significant rally.<\/p>\n Cowen stated, there are two prevailing views on Bitcoin\u2019s future: the cyclical perspective, which predicts a rise in Q4 2024, and the monetary policy perspective, suggesting a downturn followed by recovery in early 2025.<\/p>\n He explained that if Bitcoin surpasses $70,000 in a sustained manner, it will likely support the cyclical outlook. Conversely, a failure to hold this level could push Bitcoin back toward $64,000, reinforcing the monetary policy view and delaying any breakout until next year.<\/p>\n