Market Cap: $2.7258T 0.120%
Volume(24h): $73.4951B 63.980%
  • Market Cap: $2.7258T 0.120%
  • Volume(24h): $73.4951B 63.980%
  • Fear & Greed Index:
  • Market Cap: $2.7258T 0.120%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83613.281522 USD

-0.31%

ethereum
ethereum

$1907.196020 USD

-0.12%

tether
tether

$0.999991 USD

-0.02%

xrp
xrp

$2.346667 USD

-0.01%

bnb
bnb

$638.706352 USD

6.12%

solana
solana

$128.851013 USD

-3.46%

usd-coin
usd-coin

$1.000040 USD

0.01%

dogecoin
dogecoin

$0.173959 USD

1.06%

cardano
cardano

$0.724425 USD

-0.57%

tron
tron

$0.214243 USD

-1.65%

pi
pi

$1.351541 USD

-9.35%

unus-sed-leo
unus-sed-leo

$9.827847 USD

0.06%

chainlink
chainlink

$13.795794 USD

-1.22%

toncoin
toncoin

$3.420442 USD

0.21%

stellar
stellar

$0.273472 USD

1.29%

Cryptocurrency News Articles

title: Benjamin Cowen Says Bitcoin (BTC) Bull Cycle Is Probably Over If It Drops Below This Level

Mar 15, 2025 at 03:04 pm

The widely followed cryptocurrency analyst Benjamin Cowen says Bitcoin's (BTC) bull cycle would likely be over if it enters one key level.

title: Benjamin Cowen Says Bitcoin (BTC) Bull Cycle Is Probably Over If It Drops Below This Level

Crypto analyst Benjamin Cowen says the world’s leading cryptocurrency could see its bull cycle come to an end if Bitcoin drops below one key level.

In a new video, Cowen tells his 886,000 YouTube subscribers that Bitcoin may be repeating a similar pattern from 2017, when it tested the prior year high.

However, he warns that if Bitcoin drops below the 2024 low of about $71,000 and enters the $60,000 range, the bull cycle may be over.

“In 2017 Bitcoin had a drop in early 2017 where it tested the 2016 high. And it happened, by the way, fairly early on. I would argue that’s very much an outcome to consider for this cycle, testing the 2024 high, which is in the lower $70,000s.”

“If we get closes, and especially if there’s a wick in the low $60,000s, then there’s a good chance the cycle is over. If it stays above the 2024 high, then the party could easily go on.”

He also says that if Bitcoin maintains the $70,000 range, a bull cycle will probably remain intact, whereas anything lower may result in a bearish price pattern of lower highs later in the year on the weekly chart.

“If it holds support above $70,000, $73,000, [the] structure of the market is fine. If it goes into the $60,000s, then I would argue that the more likely outcome would be a macro lower high in Q2, Q3, potentially around like the August timeframe.”

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 17, 2025