Bitcoin (CRYPTO: BTC) is trading below a key resistance zone, raising concerns that recent price stability may be masking deeper risks tied to late-stage economic conditions.
Late-Cycle Warning Signs
Prominent analyst Benjamin Cowen said on Monday that retail investors may be growing overly confident — overlooking macro pressures, such as persistent inflation, a weakening labor market and rising geopolitical tensions.
He noted that late-cycle bear markets often feature deceptive price action, sideways or mildly bullish moves on low volume, that can mislead traders into believing the downturn has ended before another sharp decline begins.
A key …