Bitcoin’s Golden Cross Is Imminent: Strong Rally Or 2021-Style Sell-Off Next?
Posted On May 23, 2025
Cryptocurrency analyst Benjamin Cowen warns that while Bitcoin (CRYPTO: BTC) has soared to new all-time highs, it may face a short-term correction following a golden cross expected this week.
What Happened: In a May 21 podcast, Cowen said that “anytime Bitcoin hits a new all-time high or a new cycle high, it’s worth celebrating. But historically, golden crosses are often followed by 10-15% pullbacks.”
He referenced similar setups in 2019, 2020, and 2021, when Bitcoin dipped soon after golden crosses, noting that a 10% retrace would bring BTC back near $100,000, while 15% would test $95,000, both near key moving …
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