Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • 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 Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Benjamin Cowen outlines Bitcoin forecast and says BTC prepares for likely rejection at resistance
Analysis

Benjamin Cowen outlines Bitcoin forecast and says BTC prepares for likely rejection at resistance

2023-09-19No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto strategist Benjamin Cowen believes Bitcoin (BTC) will remain in a downtrend for months after retesting a key price range.

Cows tells According to its 787,000 YouTube subscribers, Bitcoin is likely to rise in the short term to test the bull market support band before falling again, confirming the larger bearish trend.

The support band for the bull market, according to the trader, is the 20-week simple moving average (SMA), currently at $27,888, and the 21-week exponential moving average (EMA), currently at $27,227.

Says Cowen,

“A lot of bulls don’t necessarily believe it’s over. And why would they? Technically, a lower low hasn’t entered yet, so there’s still reason to believe. Although I still think this low point will be removed.

The bulls give it another chance. They try again. And they’re going to find out whether they can break through it or not. If they can’t break through, if we go a week or two and the bulls can’t break through, then it’s more likely that this will just fade back out and hit a lower low. [around $22,890] and then eventually they will try again.

Source: Benjamin Cowen/YouTube

Looking at his chart, Cowen appears to be predicting a brief rise for Bitcoin towards the $28,000 price area before resuming the downtrend and dropping below $20,000.

Ultimately, Cowen says Bitcoin could break the tie and “create a more sustainable bull market that could perhaps take us to much higher prices.”

Cowen also says that Bitcoin must not only break above the bull market support band, but also convincingly stay above it to confirm an overall uptrend.

See also  Ethereum - Price will be resistance - will the recovery stall here?

“But in the near term, I think it’s more likely that we see rejections through the bull market support band, and if we get above that, you would still have to see multiple consecutive weekly closes above it for it to really mean anything. .

That’s the hardest part.”

Bitcoin is trading at $26,818 at the time of writing, up 1.1% in the past 24 hours.

I

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on Tweet, Facebook And Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

Benjamin Bitcoin BTC Cowen Forecast outlines Prepares Rejection Resistance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Bitcoin traders are again profit, but do they ignore these warning signals?

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Art Blocks NFT Project Makes ‘Huge Leap Forward’ on Ethereum

2024-11-27

UXLINK unveils plans for 2025: launch of PayFi and social growth layer testnet

2025-01-03

Japan’s $1.5 Trillion Pension Fund to Assess Bitcoin

2024-03-19
Editors Picks

A vote for ultra-healthy money

2024-04-23

Bullish Signal Makes This Prediction About BTC Price Rally!

2024-09-28

Analyst sees Bitcoin rising to $69,000 as the cup-and-handle pattern emerges

2023-12-13

On-chain Data Reveals Bullish Indicators for Ripple’s XRP Price Amid Selling Pressure at $0.49

2023-09-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$104,259.261.12%
  • ethereumEthereum(ETH)$2,398.54-3.01%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.370.71%
  • binancecoinBNB(BNB)$641.950.06%
  • solanaSolana(SOL)$167.030.26%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2226183.10%
  • cardanoCardano(ADA)$0.74-1.00%
  • tronTRON(TRX)$0.265358-2.28%
  • suiSui(SUI)$3.78-0.93%
  • chainlinkChainlink(LINK)$15.31-0.29%
  • avalanche-2Avalanche(AVAX)$22.23-0.48%
  • stellarStellar(XLM)$0.285375-0.50%
  • hyperliquidHyperliquid(HYPE)$26.271.46%
  • shiba-inuShiba Inu(SHIB)$0.0000141.44%
  • hedera-hashgraphHedera(HBAR)$0.1905570.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.18%
  • bitcoin-cashBitcoin Cash(BCH)$396.511.05%
  • the-open-networkToncoin(TON)$3.100.31%
  • litecoinLitecoin(LTC)$97.821.14%
  • polkadotPolkadot(DOT)$4.62-0.26%
  • moneroMonero(XMR)$337.930.71%
  • bitget-tokenBitget Token(BGB)$5.112.98%
  • pepePepe(PEPE)$0.0000136.41%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.736.70%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.821.49%
  • bittensorBittensor(TAO)$409.42-3.37%
  • aaveAave(AAVE)$221.49-0.56%
  • nearNEAR Protocol(NEAR)$2.720.43%
  • aptosAptos(APT)$5.04-1.06%
  • okbOKB(OKB)$52.64-1.08%
  • ondo-financeOndo(ONDO)$0.91-0.58%
  • kaspaKaspa(KAS)$0.108123-1.17%
  • internet-computerInternet Computer(ICP)$5.14-0.09%
  • ethereum-classicEthereum Classic(ETC)$18.05-0.51%
  • gatechain-tokenGateToken(GT)$21.51-0.19%
  • crypto-com-chainCronos(CRO)$0.096987-0.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.821.31%
  • mantleMantle(MNT)$0.730.37%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2340530.86%
  • vechainVeChain(VET)$0.0279960.84%
  • render-tokenRender(RENDER)$4.50-1.12%
  • ethenaEthena(ENA)$0.3694235.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.820.76%
  • algorandAlgorand(ALGO)$0.2182511.02%
  • cosmosCosmos(ATOM)$4.780.86%
  • bitcoinBitcoin(BTC)$104,259.261.12%
  • ethereumEthereum(ETH)$2,398.54-3.01%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.370.71%
  • binancecoinBNB(BNB)$641.950.06%
  • solanaSolana(SOL)$167.030.26%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2226183.10%
  • cardanoCardano(ADA)$0.74-1.00%
  • tronTRON(TRX)$0.265358-2.28%
  • suiSui(SUI)$3.78-0.93%
  • chainlinkChainlink(LINK)$15.31-0.29%
  • avalanche-2Avalanche(AVAX)$22.23-0.48%
  • stellarStellar(XLM)$0.285375-0.50%
  • hyperliquidHyperliquid(HYPE)$26.271.46%
  • shiba-inuShiba Inu(SHIB)$0.0000141.44%
  • hedera-hashgraphHedera(HBAR)$0.1905570.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.18%
  • bitcoin-cashBitcoin Cash(BCH)$396.511.05%
  • the-open-networkToncoin(TON)$3.100.31%
  • litecoinLitecoin(LTC)$97.821.14%
  • polkadotPolkadot(DOT)$4.62-0.26%
  • moneroMonero(XMR)$337.930.71%
  • bitget-tokenBitget Token(BGB)$5.112.98%
  • pepePepe(PEPE)$0.0000136.41%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.736.70%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.821.49%
  • bittensorBittensor(TAO)$409.42-3.37%
  • aaveAave(AAVE)$221.49-0.56%
  • nearNEAR Protocol(NEAR)$2.720.43%
  • aptosAptos(APT)$5.04-1.06%
  • okbOKB(OKB)$52.64-1.08%
  • ondo-financeOndo(ONDO)$0.91-0.58%
  • kaspaKaspa(KAS)$0.108123-1.17%
  • internet-computerInternet Computer(ICP)$5.14-0.09%
  • ethereum-classicEthereum Classic(ETC)$18.05-0.51%
  • gatechain-tokenGateToken(GT)$21.51-0.19%
  • crypto-com-chainCronos(CRO)$0.096987-0.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.821.31%
  • mantleMantle(MNT)$0.730.37%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2340530.86%
  • vechainVeChain(VET)$0.0279960.84%
  • render-tokenRender(RENDER)$4.50-1.12%
  • ethenaEthena(ENA)$0.3694235.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.820.76%
  • algorandAlgorand(ALGO)$0.2182511.02%
  • cosmosCosmos(ATOM)$4.780.86%