Bitcoin (CRYPTO: BTC) is hovering near $70,000 amid ETF outflows and weak sentiment, with one analyst warning the current pattern may mirror past bear markets.
Short-Term Rally Or Deeper Drop?
In a Mar. 20 podcast, crypto analyst Benjamin Cowen said Bitcoin appears to be following a familiar cycle seen in 2014, 2018 and 2022.
He described a recurring pattern in which Bitcoin bottoms in February, rallies into March and then weakens, often leading to another leg lower.
While a short-term move toward the …