Cowen Sees A Possible Bitcoin Low Around November 15

Benjamin Cowen observes that several bitcoin rebounds have lost momentum around the 21st of each month since August. The analyst now envisions a new low in mid-November, but this pattern is based on few observations and does not constitute a statistical rule. Benjamin Cowen has dubbed this phenomenon the “curse of the 21st” . According to him, bitcoin has been forming a low around the middle of the month for three months, then rebounds before encountering resistance around the 21st. However, the behavior is not exactly the same every month. After August 21, BTC had still advanced slightly until early September. The date therefore corresponds more to a slowing down of the movement than to a precise and systematic peak.

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