Bitcoin (CRYPTO: BTC) will likely break below $60,000 in the coming weeks despite a false sense of security that prices will simply range between $60,000-$70,000 for the rest of the year, according to crypto analyst Benjamin Cowen’s historical pattern analysis.
The Midterm Year Pattern
Cowen points to a consistent pattern across midterm years: Bitcoin finds a low in February, rallies to a lower high in March, then drops into April.
This played out in 2014, 2018, and 2022—and appears to be repeating in 2026.
Bitcoin’s year-to-date returns historically start heading down around day 82-90 of the year.
The market currently sits on day 86, placing the potential breakdown within the next week or two based on historical precedent.
In 2014, 2018, and 2022, Bitcoin found resistance at the 21-week EMA or 20-week SMA during March rallies before rolling over. In 2026, Bitcoin hasn’t even reached that resistance level yet, suggesting weakness compared to prior cycles.
Why The Outperformance Narrative Is Wrong
Cowen challenges the narrative that Bitcoin …