Cowen is based on four -year bitcoin cycles, repeated in the industry since 2013. In his forecast, he compared the current moment with the previous periods of 2017, 2020 and 2021, when the peaks in August were observed in September, behind which the recovery followed.
“This is what we have repeatedly seen in past years. For example, a peak in August, and then a minimum in September. I suppose that the new historical maximum bitcoin in September, most likely, will not be achieved, but in October-November it is quite possible, ”Cowen said.
He noted that in the previous three cycles, Bitcoin tested the Bullian market support for a weekly schedule several times a few months before the explosive increase in its cost occurred.
The analyst emphasized that the top cycles traditionally falls at the end of the year, and if Bitcoin holds support in September, this will prepare the first cryptocurrency for the final stage of the rising rally at the end of the second half of 2025.
Earlier, Benjamin Cowen said that in the coming months it is not worth buying altcoins in pairs against bitcoin, since the first cryptocurrency will continue to increase dominance.
Source: Bits
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