Key Highlights Analyst Benjamin Cowen projects Bitcoin is likely to fall below its bull market support band, pointing to seasonal weakness during U.S. midterm election years. Technical indicators, including a weekly close beneath the 50-week moving average and NASDAQ corrections, suggest a prolonged, gradual downward trend. Historical rate hike cycle timing indicates Bitcoin could search ...
Key Highlights Analyst Cowen warns that a decisive breakdown below the $74,900 level could trigger an additional 10% to 11% decline for Bitcoin, with intermediate support situated between $72,000 and $73,000. Comparing current market conditions to the cycle pullbacks of 2014, 2018, and 2022, Cowen expects a potential final-quarter low to emerge between November and ...
Key Highlights: Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin is fundamentally undervalued by historical logarithmic models, it risks declining further toward the lower bounds of its channel. Macroeconomic headwinds and potential downside in the Nasdaq remain significant risks for Bitcoin, especially during the final quarter of a U.S. midterm election year. Technical indicators point ...
Key Highlights: Analyst Benjamin Cowen outlines two distinct downside pathways for Bitcoin, potentially establishing a cycle low either before or immediately following the US midterm elections. Technical indicators point to historical cycle symmetry around day 1,439, though a true capitulation bottom remains pending due to the absence of a decisive trading volume surge. Broader macro ...
Key Highlights: Analyst Benjamin Cowen highlights $83,000 as a pivotal support zone for Bitcoin, cautioning that losing this threshold could lead to a drop into the early to mid-$70,000 range. Anticipated tightening in monetary policy continues to elevate Bitcoin dominance as investors rotate out of altcoins into comparatively lower-risk digital assets. Cowen points to historical ...
Key Highlights: Analyst Benjamin Cowen warns that a weekly Bitcoin close below $83,000 could undermine the asset’s bullish momentum, drawing parallels to historic false breakouts in 2015 and 2020. To sustain its upward trajectory, Bitcoin must protect its 50-day moving average and print a new local high above $87,000 before the end of October. Macroeconomic ...
Cryptocurrency analyst Benjamin Cowen has warned investors that Bitcoin historically declines following a “Golden Cross” pattern, a technical formation typically interpreted as a bullish signal. Golden Cross Often Precedes Short-Term Pullback The Golden Cross occurs when the 50-day moving average crosses above the 200-day moving average. While technicians widely view this crossover as a long-term ...