UPDATE
BTC
77,306.02
-0.25%
Analyst Benjamin Cowen warns that $BTC is likely to keep underperforming stocks in the current cycle. The macro backdrop still favors equities, while expectations of a near-term rotation from gold and silver into crypto remain low. Liquidity hasn’t flipped yet, and risk appetite is selective.
This looks less like a breakout phase and more like patience and positioning.