Bitcoin’s History Points to Major Price Shift, Says Benjamin Cowen

Crypto Analyst Benjamin Cowen Predicts Significant Correction for Bitcoin Based on Historical Price Action

Crypto analyst Benjamin Cowen is warning investors that Bitcoin (BTC) may be due for a significant correction based on historical price action. Cowen, who has a large following on his YouTube channel with over 788,000 subscribers, is specifically keeping an eye on Bitcoin’s 100-week simple moving average (SMA). According to Cowen, whenever Bitcoin has crossed above its 100-week SMA in the past, it tends to retest it before continuing its upward movement. Since BTC crossed above the 100-week SMA several months ago, Cowen believes there’s a risk to the downside if history is any indication.