Benjamin Cowen believes Bitcoin’s short-term future is uncertain, and there's a real chance we’ll see a price dip in the third quarter of the year, just like in previous years.

🔍 What Cowen Is Noticing

Key Highlights:

  • Bitcoin has had a good run lately, but it may be losing momentum.

  • In both 2022 and 2023, Bitcoin peaked in early summer, then dropped between July and September.

  • If Bitcoin doesn’t break out by mid-June, it may be following the same pattern again.

📉 Why He’s Cautious

Key Highlights:

  • Cowen explains that chart signals like "golden crosses" and "death crosses" often mislead traders.

    Key Highlights:

    • A golden cross usually comes after a price increase, and is often followed by a pullback.

    • A death cross usually comes after a drop, and is often followed by a bounce.

  • These are lagging indicators, so he warns not to make big decisions based only on them.

🪙 Cowen’s Advice

Key Highlights:

  • Keep most of your crypto portfolio in Bitcoin, not altcoins.

  • If Bitcoin dips, don’t panic sell. It often bounces back after testing key support levels.

  • If there’s no breakout by mid-June, prepare for possible weakness in Q3.

✅ Bottom Line

Benjamin Cowen thinks the next couple of weeks are critical.
If Bitcoin doesn’t show strength soon, we might see a drop in Q3.
Still, he believes staying focused on Bitcoin is the safest move for now.

Ivan On Tech – BITCOIN: BEAR TRAP BEFORE THE NEXT LEG UP!!!!! (02.06.2025 Summary)
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Ivan On Tech – BITCOIN: BEAR TRAP BEFORE THE NEXT LEG UP!!!!! (02.06.2025 Summary)