Oh dear, it appears our dear friend and crypto oracle, Benjamin Cowen, is predicting yet another delightful dive for Bitcoin (BTC). One can’t help but wonder if this is merely a ploy to keep us all on the edge of our seats, clutching our pearls.
In his latest video escapade, Cowen boldly defies the widely held belief that Bitcoin’s current price action is reminiscent of its grand recovery in March. Instead, he suggests we’re in for a rather grim tableau akin to the dismal days of 2022. How terribly droll!
“You could argue that we’re more like right here rather than in March… Bitcoin didn’t go back up to the 21-week EMA… we just had another drop down,” he muses, as though he’s read the tea leaves-and they’re all pointing south.
This historical analogy seems to underpin Cowen’s broader concern that the next leg down may arrive quicker than one can say “market correction.” It’s as if the universe is conspiring to keep us all guessing and gasping.
“I think the next leg lower might be a lot sooner than a lot of people think,” he says with all the charm of a particularly pessimistic fortune teller.
“It looks like it’s near the lows in terms of the weekly RSI… but I can find an easy counter indicator to that… there’s still a big drop here potentially,” he quips, proving that it’s always good to have a dose of skepticism handy.
He further references the MVRV Z-score-an elegant little metric that measures how far Bitcoin’s market value strays from its realized value-and those pesky realized price levels, which indicate the average price at which our beloved coins last had a waltz. He notes, rather sagely, that these metrics haven’t quite danced their way down to the typical bear market bottom zones just yet. How very reassuring!
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2026-03-26 10:22