Bitcoin Price Forecast: Analyst Predicts Market Volatility Tonight and Into the Weekend
CryptoNewsTerminal Staff12 Jun, 2024
Bitcoin Price Forecast: Analyst Predicts Market Volatility Tonight and Into the Weekend
Cryptocurrency analyst Benjamin Cowen, founder of IntoTheCryptoverse, expects the market to be "quite interesting tonight and into the weekend" due to the upcoming release of US CPI and FOMC data. He noted that in the past, Bitcoin has formed a bottom two times and a local top twice after FOMC and CPI announcements, respectively. Cowen's analysis suggests that the market could experience significant volatility as traders react to the economic data. He advises investors to closely monitor the price action and be prepared for potential market fluctuations.