Benjamin Cowen’s latest Bitcoin analysis flags the “Bear Market Resistance Band” and the 200‑week moving average as pivotal levels for the cryptocurrency’s price trajectory. He argues that the interplay between these two indicators will shape the next market phase.
Key Technical Levels
Cowen identifies a resistance corridor between $70,000 and $74,000 that must be breached for an upward breakout. He also points to the 200‑week moving average as a potential source of upward support, creating a narrow zone where Bitcoin currently oscillates on its