Crypto analyst Benjamin Cowen has issued a cautionary update regarding Bitcoin's market trajectory, suggesting a potential downturn in the coming months.

Bitcoin is trading at $107,212, with a slight increase of 0.13% from the previous close.
 
beincrypto.com

Cowen has observed a recurring pattern in Bitcoin's price behavior during the third quarter of recent years, where the cryptocurrency experiences a decline after mid-June. He anticipates that this trend may continue, with Bitcoin potentially revisiting its bull market support band in the mid-$90,000 range.
dailyhodl.com

Additionally, Cowen warns that a correction in Bitcoin's price could lead to significant losses in altcoins, as they often underperform during such downturns. He advises investors to be prepared for potential volatility in the coming months.

For a more in-depth analysis, you can watch Cowen's latest video update here: