Into The Cryptoverse CEO: Bitcoin's 4-Year Cycle Intact After $82,800 Rally
Bitcoin's move up to $82,800 has not changed Benjamin Cowen's bearish stance, as he argues the rebound fits a repeating four-year pattern. He points to repeated rejections at the 200-day simple moving average and says the latest countertrend rally lasted 16 weeks, shorter than prior examples that ran beyond 20 weeks. Cowen also reiterates his view that a deeper leg lower could push BTC below the February 6 low of $60,000.