Crypto analyst Benjamin Cowen suggests that Bitcoin is at a crucial point in determining whether its uptrend will continue. Cowen states that if Bitcoin can maintain support above the range low of $90,000 in January, it is likely to experience a significant rally based on historical patterns. However, if $90,000 starts to act as resistance, Bitcoin may repeat a similar pattern from August 2023 and enter a consolidation phase. Cowen emphasizes the importance of monitoring how long Bitcoin stays below the range low to determine its future trajectory. Currently, Bitcoin is trading at $96,496, with a 3.5% increase in the last 24 hours.



Other News from Today