Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin (CRYPTO: BTC) has soared to new all-time highs, it may face a short-term correction following a golden cross expected this week.
What Happened: In a May 21 podcast, Cowen said that “anytime Bitcoin hits a new all-time high or a new cycle high, it’s worth celebrating. But historically, golden crosses are often followed by 10-15% pullbacks.”
He referenced similar setups in 2019, 2020, and 2021, when Bitcoin dipped soon after golden crosses, noting that a 10% retrace would bring BTC back near $100,000, while 15% would test $95,000, both near key moving …
Full story available on Benzinga.com
Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin (CRYPTO: BTC) has soared to new all-time highs, it may face a short-term correction following a golden cross expected this week.
What Happened: In a May 21 podcast, Cowen said that “anytime Bitcoin hits a new all-time high or a new cycle high, it’s worth celebrating. But historically, golden crosses are often followed by 10-15% pullbacks.”
He referenced similar setups in 2019, 2020, and 2021, when Bitcoin dipped soon after golden crosses, noting that a 10% retrace would bring BTC back near $100,000, while 15% would test $95,000, both near key moving …
Full story available on Benzinga.com
Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin (CRYPTO: BTC) has soared to new all-time highs, it may face a short-term correction following a golden cross expected this week.
What Happened: In a May 21 podcast, Cowen said that “anytime Bitcoin hits a new all-time high or a new cycle high, it’s worth celebrating. But historically, golden crosses are often followed by 10-15% pullbacks.”
He referenced similar setups in 2019, 2020, and 2021, when Bitcoin dipped soon after golden crosses, noting that a 10% retrace would bring BTC back near $100,000, while 15% would test $95,000, both near key moving …Full story available on Benzinga.com Read More$BTC, $ETH, $XRP, AI Generated, Cryptocurrency, Expert Ideas, News, Top Stories, $ETH, $BTC, $XRP, News, Cryptocurrency, Top Stories, Benzinga News
