Cowen Sees A Possible Bitcoin Low Around November 15
Photo: Cointribune
Benjamin Cowen observes that several bitcoin rebounds have lost momentum around the 21st of each month since August. The analyst now envisions a new low in mid-November, but this pattern is based on few observations and does not constitute a statistical rule. Benjamin Cowen has dubbed this phenomenon the “curse of the 21st” . According to him, bitcoin has been forming a low around the middle of the month for three months, then rebounds before encountering resistance around the 21st. However, the behavior is not exactly the same every month.
Source: Cointribune
