Analyst Benjamin Cowen Issues Bitcoin Warning As BTC Dips To Start the Week – Here’s His End-of-Year Outlook

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A widely followed crypto analyst is issuing a Bitcoin warning after BTC‘s failed breakout and dip to the $66,000 range early Monday.

In a new video update, crypto strategist Benjamin Cowen tells his 818,000 YouTube subscribers that Bitcoin is showing similarities to a 2019 correction.

“If Bitcoin does start to fade, if it can’t break through this [resistance around $70,000], if it starts to fade, then it’ll start to show more of those 2019 similarities… The thing that hasn’t necessarily run its course is that when Bitcoin broke out [in 2019], we had already had 75 basis points of rate cuts and QE (quantitative easing). Now we don’t really have that.”