Title: Bitcoin (BTC) could collapse due to massive anti-popular rally
Well-known crypto analyst warns: Bitcoin may plummet due to a sharp rebound!
The highly-watched crypto strategist Benjamin Cowen is watching the key support levels of Bitcoin (BTC).
In the latest video analysis, Cowen pointed out that if the price of Bitcoin falls and tests the 2024 high again, it may trigger a sharp rebound.
Cowen believes BTC had gained support near its March 2024 high, but could also face resistance of about $60,000 at the moment.
"I still think Bitcoin is likely to retest the 2024 high, and if it tests the trend line (lower high-trend line), it could be a good short-term trading opportunity. If you continue to test that trend line, it will be a good short-term trading opportunity for Bitcoin. You may get a huge rebound from that price point, but if that's the case, I'm not optimistic about the rest of the remaining cycle."
As of press time, Bitcoin was trading at $72,193, down 0.37% in 24 hours.
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