The history of the crypto markets over the past 12 years is being examined by a well-known analyst to predict how this month’s performance of digital assets is likely to pan out.
Popular cryptocurrency trader benjamin cowen informs his 766,000 YouTube subscribers in a new video update that bitcoin org (BTC) has seen bloodshed in nine out of the last twelve September.
As per analyst “If we go back and look at all the prior Septembers, just going back to 2010, you can see in fact that all but three of them have been red and the only ones that were green gave about 2.5% move to the upside, a 6% and a 15% move to the upside.”
In comparison with ETH, Cowen claims that the historical data for ethereum (ETH), the most popular smart contract platform, also exhibits a similar tendency.
“We could also take a look at other things, like Ethereum, and question whether those are producing the same kind of results, and generally that is correct statistically.”
Cowen predicts a -12% movement for...
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