Crypto Analyst Issues Bitcoin Alert, Says BTC Dump Incoming if History Repeats Itself – Here Are His Targets
Cryptocurrency analyst Benjamin Cowen is saying that Bitcoin (BTC) could be on the verge of a pullback after soaring to new all-time highs.
In a new strategy session, Cowen tells his 898,000 YouTube subscribers that Bitcoin is on the cusp of forming a golden cross pattern on the daily time frame.
A golden cross pattern occurs when a 50-day moving average crosses above the 200-day moving average. Cowen says that while the golden cross pattern is typically bullish, it has previously led to Bitcoin “dumps” in the past.
“My prior experiences with golden crosses influenced me to think that with a golden cross, you get a correction. We had a correction after the golden cross in 2019, we had one in 2020. We had also had one in…
