Analyst Benjamin Cowen, who accurately predicted the bitcoin correction BTC $81,197.90 Bitcoin -5.74% Market capitalization $1.61 trillion VOL. 24 hours $1.92 billion in January 2025, predicts that BTC will rise again in the coming months. However, his forecasts come with an important caveat: it all depends on the key price level that will determine the future direction of the market.
Cowen believes that the second and third quarters of 2025 will see a «countertrend» rally in bitcoin. This may be accompanied by a decline in the value of most altcoins paired with BTC. However, the key point will be the behavior of bitcoin in the coming weeks:
- If BTC falls below $ 70,000, even future growth is likely to end with a lower peak, which could signal the end of the bull market.
- If BTC stays above $ 70,000, then a new all-time high may be set, which will continue the market’s growth.
Earlier, Cowen correctly predicted that bitcoin would not be able to break the $ 108,000 mark and would begin a correction after Donald Trump’s inauguration in January 2025. His analysis is based on historical market trends, in particular the behavior of the Nasdaq ETF Invesco QQQ, which reached a local high 13 months after its launch.
Thus, while the outlook for bitcoin’s growth in 2025 remains positive, investors should closely monitor price movements in the coming weeks to see if the market still has the potential to make new highs.