Analysis

Massive Counter-Trend Rally Could Be Coming for Bitcoin (BTC), According to Benjamin Cowen – Here’s When

Published

6 months ago

April 7, 2025

DCS Team

Credit : dailyhodl.com

A typically adopted analyst says that Bitcoin (BTC) may break from his malaise with an enormous counter-trend rally.

In a brand new video replace, crypto -strategist Benjamin Cowen tells His 890,000 YouTube subscribers who come an enormous take a look at for the higher Crypto belongings of Market Cap primarily based on historic developments, one that might see it rise after it may possibly fall to its 2024 highlights close to the extent of $ 72,000.

In response to Cowen, BTC has instant help within the neighborhood of the highlights of March 2024, however may faucet an earlier downward resistance line at round $ 60,000.

‘I nonetheless assume there’s a good likelihood that Bitcoin will take a look at the Excessive 2024 once more, and if it can take a look at that development line, a type of decrease excessive development line, it could in all probability be an excellent commerce within the brief time period.

If it could take a look at that development line all the way in which down [it] Can be a very good brief -term commerce by Bitcoin. You’ll in all probability get an enormous counter-trend assembly of that stage, however I might not essentially be so optimistic for the remainder of the cycle if it really performed that means. “

On the time of writing, Bitcoin acts at $ 75,366, a lower of virtually 8% within the final 24 hours.

https://www.youtube.com/watch?v=WYICM53RWMQ

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