Bitcoin Faces Further Downside Risk, Analyst Benjamin Cowen Warns

Crypto analyst Benjamin Cowen is warning that Bitcoin may face another leg down, suggesting current market conditions resemble past bearish cycles rather than a recovery phase.

He points to historical patterns—particularly similarities to 2022—indicating that recent price action may not signal a true bottom yet. Cowen also highlighted that key indicators like RSI and MVRV have not reached typical bear market lows, challenging the view that Bitcoin has already stabilized. He cautions that support levels around $60,000 may not hold, signaling potential downside risk in the near term as market uncertainty persists.

Clever Robot News Desk 27^th March 2025