Bitcoin’s recent surge may be coming to an end, according to crypto analyst Benjamin Cowen. In a video update, Cowen suggests that the breakout of gold in 2019 marked the top for Bitcoin at that time, and if gold continues to perform well, Bitcoin may experience a significant correction. Cowen also notes that the breakdown of Ethereum against Bitcoin has historically signaled a Bitcoin top, and this breakdown may have already begun. However, he mentions that altcoins have not yet bled out against Bitcoin, which would be another sign of a Bitcoin top. Cowen predicts that Bitcoin will trade within a range of $66,000 and $56,000 in the coming weeks. As of now, Bitcoin is trading at $63,386, a slight decrease from the previous day.
