Prominent analyst Benjamin Cowen predicts a correction for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and altcoins in September.
What Happened: In a podcast on Aug., Cowen warned of a steep September correction across digital assets, citing historical post-halving patterns where July–August strength often flips into September weakness.
He drew parallels to 2013, 2017, and 2021, when Bitcoin corrected sharply after summer rallies.
Cowen expects Bitcoin, which peaked near $124,000 this cycle, to mirror the 2020 run-up when $12,400 marked a temporary high.
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