Top Analyst Benjamin Cowen Warns Bitcoin is at a Pivotal Moment, Anticipates BTC Surge with Key Trigger

Analyst Benjamin Cowen warns that Bitcoin (BTC) is at a crucial juncture, suggesting that its potential for a rally depends on surpassing and holding the 20-week moving average as support. 

In a recent video, Cowen emphasized that Bitcoin needs to break above this key moving average to spark a significant upward trend, akin to past rallies following previous halvings. He noted that Bitcoin’s current price action mirrors its behavior in 2013, where it initially struggled above the 20-week SMA before eventually rallying. As of now, Bitcoin is trading at $64,400.

Clever Robot News Desk 22^nd July 2024