Peaked at #3 Now #3
Bitcoin may drop to bull market support band
Analyst Benjamin Cowen says Bitcoin's second weekly close below the May high signals an imminent drop to its bull market support band; TOTAL2, SPX, NDQ and MSTR are already there.
Key points
- Benjamin Cowen says Bitcoin recorded a second weekly close below the May high and is likely to drop to its bull market support band very soon.
- He notes that TOTAL2, TOTAL3, SPX, NDQ and MSTR are already at their BMSB.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
Top replies on X
Reaction on X: Most replies push back on Cowen's call, accusing him of letting a missed bottom or reluctance to be wrong color his technical judgment; one asks what price the bull market support band is, and another says the drop means more buying. Cowen himself does not respond.
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From @Coin_Templar, @Spacemann404, @JerryWagoner and others. Spam removed, with English and Chinese translations.
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