Analyst Benjamin Cowen Says Bitcoin Could Be on Cusp of Major Trend Shift As Potential Repeat of 2019 Appears

Widely followed crypto analyst Benjamin Cowen says Bitcoin (BTC) is setting up for a potential trend shift that could result in an explosive rally similar to the one in 2019. In a new strategy session, Cowen tells his 783,000 YouTube subscribers that three different technical indicators are converging at a key price level for Bitcoin. Cowen says the 50-week moving average is on a downward trend and the 200-week moving average is on an upward trend, both moving toward one another. The two moving averages appear likely to meet at BTC’s recent high of around $25,000. “You have the 50-week