Here’s Why This Bitcoin Analyst Thinks BTC Is Approaching a Critical Juncture

Here’s Why This Bitcoin Analyst Thinks BTC Is Approaching a Critical Juncture
A stock photo of the cryptocurrency Bitcoin. Thought Catalog/Unsplash
Benzinga
Updated:
Prominent cryptocurrency analyst Benjamin Cowen has shared his thoughts on his YouTube channel about Bitcoin’s future direction.

What Happened

He tells his over 725,000 subscribers that Bitcoin is putting in higher lows in a pattern that resembles other periods in BTC’s history.

“There have been a couple of times where we’ve seen a similar type of price action. One time in 2013, where we also were putting in higher lows. We put in a low, we put in a higher low, and then we ultimately went on. And then also in 2018 where we’re putting in higher lows,” said Cowen.