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    Home»Bitcoin»Crypto Analyst Benjamin Cowen Predicts Multi-Month Correction for Bitcoin, Says Time To Rip Band-Assist Off for Altcoins – The Each day Hodl
    Crypto Analyst Benjamin Cowen Predicts Multi-Month Correction for Bitcoin, Says Time To Rip Band-Assist Off for Altcoins – The Each day Hodl
    Bitcoin

    Crypto Analyst Benjamin Cowen Predicts Multi-Month Correction for Bitcoin, Says Time To Rip Band-Assist Off for Altcoins – The Each day Hodl

    By Crypto EditorJune 25, 2025No Comments2 Mins Read
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    A dealer who continues to construct a following with well timed 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 assist at $100,000.

    “Will doubtless see BTC again at its bull market assist band quickly, again within the mid-$90,000 vary.”

    Image
    Supply: Benjamin Cowen/X

    The bull market assist band is shaped by the 20-week easy transferring common (SMA) and the 21-week exponential transferring common (EMA).

    The analyst says his prediction is predicated on Bitcoin’s value motion within the final two years, when Bitcoin began to roll over and gave up beneficial properties within the third quarter.

    “I’ve talked about for some time on Youtube that Bitcoin would doubtless begin exhibiting some weak spot round mid-June because the Q3 weak spot begins to current itself.

    The identical factor occurred the final couple of years.

    I feel the subsequent low is round August/September.” 

    Image
    Supply: Benjamin Cowen/X

    At time of writing, Bitcoin is buying and selling for $105,092.

    Trying on the altcoin market, Cowen warns that his anticipated Bitcoin correction will set off a brutal capitulation occasion for alts.

    “It could be lastly time to tear the band-aid off for ALT / BTC pairs.

    To the vary lows!” 

    Image
    Supply: Benjamin Cowen/X

    A bearish altcoin versus Bitcoin chart signifies that alts are dropping worth quicker than BTC.

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    Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in affiliate marketing online.

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