The trader that continues to grow his following by making timely Bitcoin calls (BTCThe broader crypto-market is being warned by )and altcoins.
Benjamin Cowen, a crypto analyst on social media platform X tells 1,000,000 of his followers that he is a bitcoin enthusiast sees Bitcoin breaking support at $100,000.
“Will likely see BTC back at its bull market support band soon, back in the mid-$90,000 range.”
This band of support for the bull market is made up by the exponential moving (EMA) 21 weeks and the simple moving (SMA).
The Analyst says This prediction was based on the Bitcoin price in the second quarter of the previous two years. Bitcoin had started to move in a downward direction and began losing gains.
I’ve been saying on Youtube for some time that Bitcoin will likely begin to show signs of weakness in mid-June, as Q3 begins to weaken.
It was the same last two years.
The next major low will probably be in August/September.
Bitcoin has a current value of $105,092 at the time this article was written.
Cowen examines the Altcoin Market warns The expected Bitcoin price correction would trigger an event of brutal capitulation by altcoins.
The time may have come to finally remove the band aid from ALT/BTC pairs.
The range of lows!
The chart of altcoins compared to Bitcoin shows that alts have lost value more quickly than BTC.
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