Crypto traders were concerned when Bitcoin hit its range lows, but analyst Benjamin Cowen believes the decline may not be as severe as it seems. Bitcoin closed positively, indicating strong market sentiment despite volatility. Cowen suggests that these actions are typical of consolidating markets and not a sign of a major crash. Bitcoin is still trading above its 200 EMA and has neutral momentum according to the RSI. The immediate resistance to watch is at $97,000, while the support is at $94,000. Cowen suggests that low volatility periods after large rallies are normal, and it may be a good time for long-term holders to accumulate and remain calm.



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