Renowned analyst Benjamin Cowen, who boasts nearly a million followers on Elon Musk’s X platform, has flipped bullish on Bitcoin once again. After accurately predicting the market correction in January 2025, Cowen now sees positive signs for the leading cryptocurrency.
I still think about the QQQ and BTC ETF comparison a lot, even though I keep wanting to see some type of divergence. But rather than diverge, they continue to present similarities.
I see a lot of people screaming that it's the golden age of crypto but Bitcoin has basically done… https://t.co/y7NNeyyvs8 pic.twitter.com/o6AOl7j2N1
— Benjamin Cowen (@intocryptoverse) March 8, 2025
Bitcoin Could Surge in the Coming Months
It might seem hard to believe right now, given Bitcoin’s current struggles, but Benjamin Cowen sees light at the end of the tunnel for crypto investors.
“Historically, Bitcoin tends to undergo a major correction in the first quarter of the year before reversing course in the second and third quarters. During this time, many altcoins will likely struggle to keep up with BTC. Then, I expect another downturn in Q4, followed by a recession in 2026,” Cowen stated with confidence.
However, there’s a key condition to his bullish thesis:
“If Bitcoin drops below $70,000 in the coming weeks, my assumption is that the bull market is over. But if BTC holds above this level, I still see a new all-time high coming for the digital currency.”
Cowen’s Track Record: His Jaw-Dropping January Prediction
Given his spot-on January forecast, it’s wise to take Cowen’s insights seriously.
At the start of the year, he predicted that Bitcoin would break above $100,000 before Donald Trump’s inauguration, followed by a significant correction.
And that’s exactly what happened.
On January 20, Bitcoin hit a new all-time high of $109,000, only to crash shortly after.
The ETF Cycle & Trump’s Inauguration: A Perfect Storm
Cowen based his forecast partly on the ETF history of the Nasdaq. The QQQ ETF, which tracks the Nasdaq-100, hit a local peak around 13 months after launch.
Coincidentally, January 20 also marked exactly 13 months since the approval of the first U.S. Bitcoin spot ETFs.
This date also aligned perfectly with Donald Trump’s return to the White House, an event that had built up massive expectations for Bitcoin.
In classic “Buy the rumor, sell the news” fashion, Bitcoin rallied ahead of the event—only to collapse once the moment arrived.
So, is Bitcoin about to repeat history, or are we heading toward a new breakout? 🤔
Stay tuned!
