Why Benjamin Cowen Is Betting on BTC

The broader cryptocurrency market, led by Bitcoin (BTC), has skilled an growing short-term sentiment within the midst of the present geopolitical disaster within the Center East. After having plagued the weekend underneath $ 100k, BTC worth registered the bottom weekly closure of round $ 101,339.

Consequently, BTC worth signaled additional potential weak spot within the quick time period, with an interim goal of round $ 93k. As well as, the BTC prize within the weekly timeframe has fashioned a possible macro-double high together with Bearish divergence of the relative energy index (RSI), a hard and fast reversing sample.

If the extent of help doesn’t maintain round $ 93k within the coming weeks, a capitulation to $ 76k might be imminent within the following months.

Benjamin Cowen on Altealth season 2025

After the elevated crypto volatility, which led to important liquidations of livered lengthy merchants, concern of additional capitulation stays felt. The Bitcoin and Ethereum concern and greed indexes have fallen under 50 p.c after the current crypto sale attributable to the American assault on Iran.

In accordance with Benjamin Cowen, a longtime Crypto analyst, the Bitcoin market will proceed to get extra floor on Altcoins within the coming months. With Bitcoin -Dominance that was over 65 p.c on Sunday, Cowen thinks that the determine will rise additional within the close to future and presumably even hit 70 p.c.

Consequently, the Crypto analyst believes that Altcoins will proceed to bleed to the Bitcoin market, in order that the lengthy -awaited Altors season 2025 might be postponed additional. A very powerful factor is that Cowen emphasised that the broader crypto market, led by Bitcoin, will set up an area low level round August or September.

Within the meantime, analysts from Wall Road count on the broader crypto market to register a parabolic rally within the fourth quarter of 2025 and presumably prolong to the primary quarter of 2026.