Bitcoin's Golden Cross Triggers Warning: Analyst Sees $70,000 to $75,000 Drop Ahead
Vocal cryptocurrency analyst Benjamin Cowen warned that Bitcoin could drop to $70,000 to $75,000 after its recent golden cross. This correction would be in line with historical patterns seen across every major Bitcoin cycle.
Cowen pointed out that the golden cross has triggered a 10% to 15% correction in each instance, regardless of whether the broader market was in a bull or bear phase. He provided two clean examples where the low was already in:
2019, Bitcoin fell 15% after the golden cross, over just three to four days.
2023, Bitcoin fell 12% over roughly 10 days around the golden cross
In both cases, the correction came and the low held, allowing Bitcoin to continue its upward trajectory. Cowen noted that in instances where the low was not in place, such as during the 2014-2015 market downturn, Bitcoin still experienced a similar 10% to 15% drop before falling by 50% to 60%.
The analyst drew a parallel between today's market and the 2014 ISM comparison, which he flagged at the start of 2026. Rising ISM led to a decline in Bitcoin prices, mirroring the pattern seen in 2014.