- Bitcoin’s golden cross hints at a 10-15% drop, warns analyst Cowen, citing corrections after similar 2015-2021 patterns.
- Analyst notes Bitcoin pullbacks follow golden crosses, cooling euphoric rallies as markets reset expectations for future gains.
Benjamin Cowen suggests Bitcoin may soon experience a price correction despite recently reaching record highs. In a YouTube strategy session viewed by his 898,000 subscribers, Cowen highlighted the emergence of a “golden cross” pattern on Bitcoin’s daily chart—a technical signal that has historically preceded short-term declines.
A golden cross occurs when Bitcoin’s 50-day average price climbs above its 200-day average, a pattern often interpreted as bullish. However, Cowen noted that in past cycles—including 2015, 2019, 2020, and 2021—this signal was followed by drops of 10% to 15%.
“After a golden cross, people tend to expect endless gains,” he said. “But the market usually corrects to balance that optimism.”
Cowen pointed to investor behavior as a key factor. When prices rise rapidly, traders often adopt overly bullish short-term forecasts, creating conditions for a pullback.
“These corrections reset expectations” he explained. “They’re the market’s way of pausing before the next move.”
The analyst did not specify a timeline for the potential decline but emphasized historical consistency. In 2015, for instance, Bitcoin fell roughly 30% after its golden cross. More recently, 2021’s correction aligned with his 10-15% estimate.
Bitcoin’s current rally has pushed its price to unprecedented levels, fueled by institutional adoption and regulatory developments. While Cowen’s outlook remains cautious, he acknowledged that long-term trends could override short-term patterns. “History doesn’t repeat exactly,” he said. “But it’s useful for framing risks.”
Traders often monitor moving averages to gauge momentum shifts. A golden cross contrasts with a “death cross,” where the 50-day average falls below the 200-day average, typically signaling bearish sentiment.
The coming weeks will test whether history repeats or if evolving market dynamics rewrite the playbook. For now, caution remains a prudent ally.
Bitcoin (BTC) – Real Price & Market Analysis – May 23, 2025
Bitcoin is currently trading at $109,107, experiencing a -2.36% intraday drop after reaching a new all-time high of $109,356 earlier this week. Despite the mild correction, BTC remains up +5.11% over the last week, +16.71% in the last month, and a substantial +57.78% year-over-year, reaffirming its leadership in the ongoing crypto bull cycle. Market capitalization is now $2.17 trillion, with a massive $67.23 billion in 24-hour trading volume, reflecting strong liquidity and institutional activity.
Technically, BTC is encountering short-term resistance at $110,000, while holding strong support in the $106,000–$107,000 range. The overall structure remains bullish, with ongoing accumulation driven by ETFs, sovereign funds, and long-term institutional holders.
Several analysts have identified a double-bottom breakout, with projections targeting $113,000–$115,000 if the $110K zone is breached.
Fundamentally, BTC is powered by two major developments:
- The U.S. Senate has passed the Crypto Regulation Bill with bipartisan support, further legitimizing BTC as a mainstream financial asset.
- ETFs and retirement accounts (Roth IRAs, pensions) are now widely accumulating Bitcoin, echoing strategies like the “Saylor Model,” but increasingly with unleveraged cash, reducing systemic risk.
Furthermore, geopolitical developments are also influencing volatility: a proposed 50% EU tariff by the Trump administration led to $350M in liquidations across the crypto market yesterday, temporarily pushing BTC below $109,000.
