YouTuber Predicts Key Bitcoin Breakdown Level
Crypto YouTuber Benjamin Cowen believes Bitcoin’s bull cycle could end if the price slips below the $71,000 mark. In a March 14 video, the YouTuber warned his audience that a dip into the low $60,000s could signify the start of a bearish trend.
Cowen emphasized that maintaining support above $70,000 to $73,000 would keep the bull structure intact. If Bitcoin breaks the $71,000 support, he says the current cycle may have peaked.
Bitcoin Echoes 2017 Bull Cycle Pattern
The YouTuber compared current Bitcoin price action to 2017. Back then, the coin also tested the previous year’s highs before correcting. Cowen said, “If there’s a wick in the low $60,000s, then there’s a good chance the cycle is over.”
He added that remaining above the 2024 high could keep bullish momentum going. The YouTuber stressed the importance of watching support levels closely this month.
Macroeconomic Forces Could Delay Rebound
According to the YouTuber, macroeconomic headwinds are adding pressure on Bitcoin and risk assets. Inflation is currently at 2.81%, and Cowen warned that the Federal Reserve’s previous rate cuts might bring back 1970s-style inflation.
He stated, “There likely will not be any type of durable bounce by risk assets until at least March OPEX.” The YouTuber added that early to mid-April may bring more clarity as new inflation and labor data arrive.
Tariffs Fuel Market Uncertainty
The YouTuber highlighted recent tariffs under President Trump as another source of market anxiety. Cowen explained that traders are divided on whether tariffs are bullish or bearish for markets. “A lot of uncertainty has been introduced due to all the tariffs and whatnot,” he said.
That ambiguity, he noted, is keeping investors cautious as they await further policy signals. The YouTuber believes that macro risks could suppress buying pressure across the crypto market.
What to Watch for in Coming Weeks
As March options expiration (OPEX) approaches, the YouTuber advises traders to monitor price levels carefully. If Bitcoin can stay above $71,000, the bullish case remains intact. A drop to $60,000, however, could change the narrative.
He said risk assets may need to wait for better macro data before rebounding. Until then, the crypto market could stay on shaky ground.