✉news BusinessCrypto first seen 9 h ago, last 2 min ago, peak #2
Bitcoin's Monthly Closes Climb From Summer Low, Says Analyst Ben Cowen
Original: Bitcoin's Monthly Closes Keep Climbing From Its Summer Low As Ben Cowen Says Burden Of Proof Has Shifted To Bears
Bitcoin's monthly closing prices have continued rising from its summer low, and analyst Ben Cowen argues the burden of proof has now shifted to bearish traders. He suggests that with successive higher monthly closes, skeptics must now justify a downturn rather than bulls justifying a rally. Crypto traders are debating whether the recovery marks a sustained trend reversal or a temporary rebound.
Why now: Bitcoin's steady recovery from its summer low is prompting debate over whether the downtrend has ended.
Evidence
- Bitcoin's Monthly Closes Keep Climbing From Its Summer Low As Ben Cowen Says Burden Of Proof Has Shifted To Bears · stocktwits.com
- Bitcoin's Monthly Closes Keep Climbing From Its Summer Low As Ben Cowen Says Burden Of Proof Has Shifted To Bears · TradingView
API: https://socialmediatrends-api.osmike.com/v1/trends/1014454