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Analyst Keen on encryption: BTC will experience a pullback for several months, it's time for AltCoin to remove the band-aid
Gate News bot message, according to TheDailyHodl's report, Cryptocurrency analyst Benjamin Cowen told his 1 million followers on social media platformX that he believes BTC will break through the support level of $100,000.
"BTC (BTC) may soon return to the bull market support level, around $90,000."
Bull market support is formed by the 20-week Simple Moving Average (SMA) and the 21-week Exponential Moving Average (EMA).
The analyst stated that his prediction is based on the price trend of BTC in the past two years, when BTC began to decline and give back gains in the third quarter.
"I have mentioned on Youtube that as the soft trend of the third quarter begins to show, BTC may start to show some weakness around mid-June. The same thing has happened in the past few years. I think the next low point will be around August/September."