Crypto analyst Benjamin Cowen says Bitcoin could see a short-term rally through March if historical patterns play out.
In a new YouTube update, Cowen outlines a recurring structure in Bitcoin’s yearly performance.
Historically, BTC tends to decline into January and February, rally into March, and then weaken again in April and May.
“It seems reasonable to have a rally into a lower high, which we tend to get in March…
There’s no guarantee. But historically, weakness into February, strength into March and then weakness into April and May – that’s typically how the Bitcoin cycle works.”
Cowen cautions that March moves frequently mark a lower high before renewed downside.
He points to 2018 as a potential analogue. That year, Bitcoin bottomed near $6,000 in February, held above that level through April, and didn’t set a new low until the summer.
On the upside, Cowen identifies the $74,000–$75,000 region – a prior breakdown zone – as possible resistance.
He says the bear market resistance band sits near $85,000, though it continues to trend lower.
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The post Bitcoin Primed for Rally Through March if History Repeats, According to Benjamin Cowen – But There’s a Catch appeared first on The Daily Hodl.
Crypto analyst Benjamin Cowen says Bitcoin could see a short-term rally through March if historical patterns play out. In a new YouTube update, Cowen outlines a recurring structure in Bitcoin’s yearly performance. Historically, BTC tends to decline into January and February, rally into March, and then weaken again in April and May. “It seems reasonable
The post Bitcoin Primed for Rally Through March if History Repeats, According to Benjamin Cowen – But There’s a Catch appeared first on The Daily Hodl. Bitcoin, analysis, Benjamin Cowen, BTC, News, Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
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