Bitcoin Price Could Dip to $35K, Says Analyst Benjamin Cowen, Despite Market Expectations of Fed Rate Cuts
• Bitcoin analyst Benjamin Cowen updates price forecast, says Fed rate cuts not as bullish as market expects
• Cowen Risk assets like Bitcoin may decline when Fed starts cutting rates, as it indicates economic weakness
• Cowen warns Bitcoin could dip to test $35K-$37K support level, a 13%-17% drop from current prices
• Previous Bitcoin price tops have coincided with start of Fed rate cut cycles
• Bitcoin currently trading at $42,704; Cowen says 8-week moving average near that level is key support to watch