Analyst That Nailed January 2025 Bitcoin Top Predicts BTC Rallies in Coming Months – But There’s a Catch
A crypto strategist who precisely referred to as the January Bitcoin correction believes that BTC nonetheless has room to run to the upside this yr.
Analyst Benjamin Cowen tells his 987,300 followers on the social media platform X that he sees Bitcoin sparking a “counter-trend” rally within the coming months.
However Cowen highlights that he’s carefully watching a key worth stage for BTC throughout this correction to find out whether or not its bull run is over.
“Mainly a giant drop in Q1 2025, a counter-trend rally by BTC/USD in Q2/Q3 the place most ALT/BTC pairs bleed, after which a drop in This autumn 2025, resulting in a 2026 recession.
The unclear half is that if there’s a countertrend rally in Q2/Q3, can BTC obtain a brand new excessive?
My guess is that if BTC goes <$70,000 within the coming weeks, then a future rally will resolve to a decrease excessive.
If BTC stays >$70,000, then a future rally may nonetheless resolve to the next excessive.”
A decrease excessive would recommend that the Bitcoin bull market is over as BTC bulls fail to muster sufficient shopping for stress to ship the crypto king above its all-time excessive of $108,000.
In the meantime, the next excessive would point out that BTC will surge effectively above $108,000, retaining the bull market intact.
At time of writing, Bitcoin is buying and selling for $86,380.
Days earlier than Bitcoin’s January 2025 high, Cowen predicted that BTC’s rally above $100,000 would hit a brick wall on Trump’s inauguration day. His prediction is predicated on the concept that Bitcoin’s worth motion will mirror the efficiency of the Nasdaq exchange-traded fund (ETF) Invesco QQQ, which hit an area high 13 months after launching.
On the time, Cowen stated that January twentieth would mark the thirteenth month because the launch of the spot Bitcoin ETFs.
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