00:00Bitcoin has been making waves, but could a correction be just around the corner?
00:04Let's dive into crypto analyst Benjamin Cowan's insights and uncover what might happen next.
00:10Benjamin Cowan, a trusted voice in crypto with 853,000 YouTube subscribers,
00:16warns of a potential double-digit correction for Bitcoin in January 2025. Here's why.
00:22In 2017 and 2021, Bitcoin faced significant drops, around 30 percent, each January following its
00:30halving years. History has a way of repeating, doesn't it? But this time, December 2024 saw
00:37a surprising 15 percent dip. Could it mean Bitcoin is front-running the expected January
00:42correction? Cowan thinks it's possible. Optimists suggest this December drop,
00:48touching around $77,712, might have already priced in the January correction. Is the worst
00:55behind us? Here's another twist. Rising 10-year yields could be holding Bitcoin back. Cowan points
01:02out these yields are hitting levels never seen before in Bitcoin's history. Could this explain
01:07December's decline? So, will Bitcoin defy history or follow the trend? Stay tuned to the market
01:14and prepare for potential swings.
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