A trader who continues to build a following with timely calls on Bitcoin (BTC) and altcoins is issuing a warning on the broader crypto market.

Crypto analyst Benjamin Cowen tells his 1 million followers on the social media platform X that he sees Bitcoin breaking support at $100,000.

“Will likely see BTC back at its bull market support band soon, back in the mid-$90,000 range.”

The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).

The analyst says his prediction is based on Bitcoin’s price action in the last two years, when Bitcoin started to roll over and gave up gains in the third quarter.

“I’ve mentioned for a while on Youtube that Bitcoin would likely start exhibiting some weakness around mid-June as the Q3 weakness starts to present itself.

The same thing happened the last couple of years.

I think the next low is around August/September.” 

At time of writing, Bitcoin is trading for $105,092.

Looking at the altcoin market, Cowen warns that his expected Bitcoin correction will trigger a brutal capitulation event for alts.

“It may be finally time to rip the band-aid off for ALT / BTC pairs.

To the range lows!” 

A bearish altcoin versus Bitcoin chart indicates that alts are losing value faster than BTC.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A trader who nailed the Bitcoin market top earlier this year believes BTC will witness a period of falling prices in the coming months.

Pseudonymous analyst Bluntz tells his 318,000 followers on the social media platform X that he thinks Bitcoin is already in a bear market that will last about two years.

The trader shares a chart suggesting that he arrived at that time frame by measuring the length of the most recent Bitcoin bull market, which he says lasted from December 2022 to January 2025.

“Time-wise will probably last into 2027 in my opinion, give or take 25%.”

He also predicts that during the period of a sustained downtrend, Bitcoin may lose up to 55% of its current value before hitting a bear market bottom.

When asked about his downside price target for BTC, Bluntz replied,

“$36,000.”

At time of writing, Bitcoin is trading for $80,296.

While Bluntz is bearish on Bitcoin, he says one precious metal is about to start a bull run. Looking at the two-week chart of gold versus silver (XAUUSD/XAGUSD), the analyst thinks the pair has printed a major lower high after completing an ABC rally.

“Time to pay attention to silver, in my opinion… Finally.”

Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave downtrend after concluding an ABC rally. A bearish gold-versus-silver chart suggests that silver is about to outperform gold.

Last week, gold printed a fresh all-time high at $3,167 per ounce.

At time of writing, silver is trading for $30 per ounce.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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