A trader who continues to build a following with timely calls on Bitcoin (BTC) and altcoins is issuing a warning on the broader crypto market.
Crypto analyst Benjamin Cowen tells his 1 million followers on the social media platform X that he 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.”
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Source: Benjamin Cowen/X
The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).
The analyst says his prediction is based on Bitcoin’s price action in the last two years, when Bitcoin started to roll over and gave up gains in the third quarter.
“I’ve mentioned for a while on
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