Prominent analyst Benjamin Cowen has forecasted a potential decline in Cardano (ADA) relative to Bitcoin (BTC) by the end of this year. In a recent analysis posted on the social media platform X, Cowen pointed out that ADA has a history of trading within a specific range against Bitcoin.
He suggests that current market conditions may lead to a recurrence of this pattern, indicating a possible drop for Cardano. This prediction is based on his observation of historical data and existing market trends.
Cowen's analysis highlights the importance of understanding historical trading ranges and market dynamics in predicting future cryptocurrency movements, emphasizing the potential fluctuations within the crypto market.
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