• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

I Had No Clue This Was Happening…

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    I Had No Clue This Was Happening…

    2025-07-24

    Why Bitcoin’s Going Vertical: $100M Mat, Debt Spiral, + ETF Surge!

    2025-07-24

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    What Happens If You Buy Bitcoin Daily? (You’ll Be Shocked!)

    2025-07-24
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Top Crypto Analyst Issues Bitcoin Alert, Says BTC at High Risk of Correction as History Threatens To Repeat
Analysis

Top Crypto Analyst Issues Bitcoin Alert, Says BTC at High Risk of Correction as History Threatens To Repeat

2023-07-26No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

A widely followed analyst is issuing a warning to traders about Bitcoin (BTC), saying that history suggests the king crypto is at a high risk of correcting.

In a new strategy session, Benjamin Cowen tells his 784,000 YouTube subscribers that the top crypto asset by market cap tends to break through its bull market support band during the first half of pre-halving years, but then promptly dips right back below it in the third quarter.

Cowen describes the bull market support band as a combination of the 20 week exponential moving average (EMA) and the 21-week simple moving average (SMA).

To make his case, Cowen cites examples of BTC following the same pattern in 2011, 2015, and 2019.

“So we have three examples, which again you can’t necessarily extrapolate from, I’m not asking you to take it to the bank, but it’s just that normally, in the pre-halving, years we will see Bitcoin do well for a good portion of it, but then sometime around the third quarter, we see it fail to hold the bull market support band.

I think that is ultimately the risk that we have to consider: is it going to play out in a similar manner as it has the prior three pre-halving years? Does it fail to hold it, or will this be the first time that it actually holds as support?”

According to Cowen, such an event could also affect other digital assets, such as leading smart contract platform Ethereum (ETH), as they are already moving below their bull market support bands.

See also  Why BTC May 15X At A Minimum

“Do note that if [Bitcoin] falls below, then that could lead to other assets of course getting hit pretty hard because a lot of them are already below their bull market support bands.

And if you were to go look at Ethereum, what’s really interesting is this is the week actually in 2019 where Ethereum fell below its 20-week estimate and got a weekly close below it that then started the downtrend for more or less the second half of the year…

Ethereum today is really close to that level, the 20-week estimate for ETH is at $1,859, so we’re actually just right at it.”

Bitcoin is trading for $29,331 at time of writing while Ethereum is moving for $1,861.

I

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

Alert Analyst Bitcoin BTC Correction Crypto high History Issues Repeat Risk threatens Top
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Happens If You Buy Bitcoin Daily? (You’ll Be Shocked!)

2025-07-24

Why Did Bitcoin and Crypto Dump Today?

2025-07-23

Bitcoin Bulls Brace For Next Major Rally

2025-07-23

Wall Street’s Crypto Moves Just Got Exposed

2025-07-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

BANKS WILL DESTROY BITCOIN & ETHEREUM NOW! [or will they?]

2023-02-14

I APPRECIATE A VOTE!! https://blockchain-life.com/asia/en/awards Join OKx at http://OKx.davincij15.com for a bonus of up …

DeFi

Arthur Hayes Shines Spotlight on Flare Network’s Revolutionary DeFi Approach

2024-02-22

In his recent thought-provoking blog, BitMEX founder Arthur Hayes draws an intriguing parallel between everyday…

DeFi

BingChatGPT ‘pump and dump’ tokens emerging by the dozen: PeckShield

2023-02-21

Blockchain security firm PeckShield has raised the alarm after finding dozens of tokens purporting to…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

I Had No Clue This Was Happening…

2025-07-24

Why Bitcoin’s Going Vertical: $100M Mat, Debt Spiral, + ETF Surge!

2025-07-24
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,362.71
ethereum
Ethereum (ETH) $ 3,815.61
xrp
XRP (XRP) $ 3.20
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 795.59
solana
Solana (SOL) $ 186.13
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237921
staked-ether
Lido Staked Ether (STETH) $ 3,815.93
tron
TRON (TRX) $ 0.321831
bitcoin
Bitcoin (BTC) $ 118,362.71
ethereum
Ethereum (ETH) $ 3,815.61
xrp
XRP (XRP) $ 3.20
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 795.59
solana
Solana (SOL) $ 186.13
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237921
staked-ether
Lido Staked Ether (STETH) $ 3,815.93
tron
TRON (TRX) $ 0.321831