Bitcoin To Hold $110,000 Through September, Analyst Says—What About Ethereum, XRP, AVAX?

Bitcoin (CRYPTO: BTC) holding above $112,000 has market commentators speculating if it can defend key support levels for a potential Q4 rally.

What Happened: In his latest podcast, prominent analyst Benjamin Cowen expects Bitcoin to hold its bull market support band near $110,000 through September, despite the month historically showing weakness.

He noted that early September volatility may persist, but initial lows could mark the monthly bottom.

BTC positioning resembles 2020, when it hovered near the 20-week SMA before rallying in October.

Holding these levels could pave the way for the next leg of the post-halving bull market.

Altcoins, particularly Ethereum (CRYPTO: ETH), …

Full story available on Benzinga.com