Crypto strategist Benjamin Cowen recently shared his significant insights into the Bitcoin and altcoin markets in a strategy session. Cowen suggests the possibility of Bitcoin showing a negative performance in September. Here are Cowen's analyses and expectations for the crypto markets in the near future:

Warning for Bitcoin in September

Cowen points out that September often has negative returns for Bitcoin. He suggests that this month might be a more challenging period for Bitcoin compared to other months. He anticipates a potential drop of more than 10% from current levels. Additionally, considering Bitcoin's seasonal trends and momentum, he notes that if the monthly close happens below $27,000, it could test $23,000. These warnings align with Cowen's previous predictions from last month, suggesting that Bitcoin could drop to $23,000 in September.

Possibility of Revival in Altcoin Markets

Cowen outlines a scenario in which the overall altcoin markets could see a revival. According to his analysis, a combination of macroeconomic factors could bring a revival to the altcoin markets next year. Cowen mentions that volatility tends to increase during halving years, and election years bring more uncertainty. Additionally, he emphasizes that they are in a period where interest rate hikes are accelerating. In a time when the job market begins to show the effects of interest rate increases, he highlights the possibility of loose monetary policies returning, which could positively impact the altcoin markets.

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In this blog post, Benjamin Cowen's views and expectations regarding Bitcoin and altcoin markets have been summarized. However, please keep in mind that crypto markets are highly volatile, so it is important to conduct your own research and carefully assess the risks when making any investment decisions.