Bitcoin’s Next Big Test: Can It Break Through?
Benjamin Cowen says Bitcoin is at an important turning point as it moves back up to its bull market support band — a technical zone that often acts like a “make or break” level.
1. BTC Is Approaching Resistance
Bitcoin is climbing toward a key range:
📌 $88.5K–$95K — this is where Bitcoin has struggled before.
📌 If it breaks through, that’s bullish.
📌 If it gets rejected, we may see another dip before trying again later.
2. This Pattern Has Happened Before
Cowen compares current price action to past cycles: ✅ In previous years, BTC dipped in spring but recovered in summer.
✅ In 2017, summer was strong — this cycle might follow a similar path.
✅ Bitcoin is also behaving like the Nasdaq (QQQ) did before a bounce.
3. Macro Factors Still Matter
Upcoming economic data in early-to-mid April could impact markets.
So far, tariff threats from Trump are being toned down, which helps risk sentiment.
4. Altcoins Still Weak
Bitcoin dominance is rising.
📌 Cowen believes BTC will outperform altcoins for now.
📌 If Bitcoin falls, altcoins will likely drop even harder.
🟢 Final Take:
Bitcoin is in a critical spot. If it pushes above $95K, the bull run could continue.
But a short-term pullback is very possible before a real breakout later this summer.
