- Benjamin Cowen said the cryptocurrency market has not yet reached a bottom.
- He said cryptocurrencies are currently 62% undervalued relative to fair value, but may see one more decline in the third quarter.
- He said a bear market could emerge within the next two to three weeks, after which the market would form a bottom around November and begin a new bull cycle.
Forecast Trend Report by Period
Cryptocurrency analyst Benjamin Cowen said the digital-asset market has yet to reach a bottom.
BeInCrypto reported on Aug. 3 that cryptocurrencies are currently 62% undervalued relative to fair value, but may face one more decline in the third quarter due to seasonal factors and rising Treasury yields.
Cowen…
