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 ...