Bitcoin has potential for further upward momentum despite challenges, caution advised for volatile market

From Investing.com

October 7, 2024 1:00 PM:

Cryptocurrency analyst Benjamin Cowen believes Bitcoin has dodged a major decline, closing above the critical bull market support band. Staying above this band indicates a potential for further upward momentum. However, Bitcoin’s volatility could lead to challenges in the coming weeks. Additionally, the Federal Reserve’s monetary policy may impact risk assets, including cryptocurrencies. Cowen’s optimism must be met with caution.

Read more at Investing.com: Analyst Benjamin Cowen Explains Why By U.Today