Bitcoin‘s (CRYPTO: BTC) rally to $76,000 follows the same pattern as the 2022 and 2018 midterm years, where February lows led to March rallies that ultimately formed lower highs before crashes, according to prominent analyst Benjamin Cowen. The Stablecoin Dominance Pattern Stablecoin dominance (USDT + USDC) exploded from 8.5% to 12.5% after sweeping prior highs, exactly as Cowen predicted two months ago when Bitcoin traded above $90,000.
Bitcoin Follows Previous Bear Market Pattern, Analyst Says: Here's What Happens Next
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Analyst Benjamin Cowen says Bitcoin's rally to $76,000 follows the same pattern as the 2018 and 2022 midterm years, saying February lows led to March rallies that formed lower highs before crashes, said today; Stablecoin dominance (USDT + USDC) rose to 12.5% from 8.5%, matching Cowen's prediction made two months ago when Bitcoin traded above $90,000.
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