Bitcoin Broke Out While Gold, Stocks Struggled: It Feels Like 'The Upside Down'
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Crypto analyst Benjamin Cowen said Thursday that Bitcoin's (CRYPTO: BTC) breakout feels like “the upside down,” with every other part of his macro thesis playing out except Bitcoin. Why the Macro Setup Made Sense to Cowen Cowen laid out his reasoning on his YouTube channel, pointing to rising oil prices that pushed the 10-year yield to 5.1% while the Fed falls behind the curve, unable to raise rates fast enough to match it.
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