Analyst Benjamin Cowen believes that Bitcoin (BTC) could experience a significant drop of around 32% if it fails to break above the upper trend line formed by lower highs on the weekly time frame since March. He suggests that if Bitcoin is rejected at this level and falls, it could reach the lower trend line formed by lower lows from the same period, putting its price at around $42,000. Cowen points out that this is an interesting number because it aligns with the 100-week moving average, which has historically been a significant level. If Bitcoin cannot break the lower high structure, Cowen believes it could follow previous price patterns seen in Q4 of 2019 and Q1 of 2016.



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