Famous analyst: Bitcoin $100,000 will start an alt season
Benjamin Cowen, a prominent digital currency analyst, believes that the price of Bitcoin reaching $100,000 could change the market's attention from Bitcoin to altcoins. In an interview, Kwon noted that Bitcoin's Fear and Greed Index recently exceeded 90, indicating extreme greed in the market. He predicts that once Bitcoin crosses the $100,000 mark, investors' attention may shift to other cryptocurrencies, especially if this coincides with a transition from contractionary to expansionary policy. Cowen believes that many investors are reluctant to sell until Bitcoin reaches this milestone. At the time of writing, Bitcoin is trading at $92,137 and has gained about 2% in the past 24 hours. 3 replies
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