A preferred crypto analyst says that Bitcoin’s (BTC) present bull market cycle might attain an finish if one key occasion happens.
In a brand new YouTube video, Benjamin Cowen tells his 904,000 subscribers {that a} Bitcoin value dip beneath the 50-week easy shifting common (SMA) on the weekly timeframe might mark the top of the bull cycle primarily based on historic precedent.
“As long as the 50-week SMA holds, the construction of the mark stays intact. A weekly shut beneath that will name issues into query…
On this case, now we have an indicator that ought to inform us that the cycle is over each time we get these weekly closes beneath the 50-week shifting common. It hasn’t occurred but. Now, the place is the 50-week SMA? Proper now, it’s at round $86,000. It’s between $85,000 and $86,000.”
Cowen additionally says that Bitcoin might take a look at the 50-week SMA within the third quarter of 2025 however maintain it as assist, indicating the bull cycle might proceed.
“The argument on this case is that so long as we’re above that [50-week SMA], then the construction of the market, the integrity of the cycle, is unbroken. And is there an opportunity we take a look at it once more in Q3? Completely. We examined it final Q3. We examined it virtually mainly the third quarter earlier than that.”
Bitcoin is buying and selling for $108,218 at time of writing, flat on the day.
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