{"id":153221,"date":"2025-03-18T18:00:09","date_gmt":"2025-03-18T16:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153221"},"modified":"2025-03-18T17:50:11","modified_gmt":"2025-03-18T15:50:11","slug":"is-bitcoin-repeating-its-2019-downtrend-analyst-issues-warning","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-bitcoin-repeating-its-2019-downtrend-analyst-issues-warning\/","title":{"rendered":"Is Bitcoin Repeating Its 2019 Downtrend? Analyst Issues Warning"},"content":{"rendered":"<p>Benjamin Cowen highlights a historical pattern linking <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin&#8217;s<\/a><\/strong> performance to the Federal Reserve\u2019s monetary policy. He suggests that just as Bitcoin struggled to stay above the bull market support band in 2019, it could face similar challenges now.<\/p>\n<p>This support level is determined by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).<\/p>\n<p>Cowen attributes this potential downturn to ongoing quantitative tightening by the Fed. He notes that back in 2019, Bitcoin dropped below key support levels when the central bank adjusted its policies amid economic concerns.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-bull-run-is-over-warns-cryptoquant-ceo\/\" title=\"Bitcoin Bull Run is Over, Warns CryptoQuant CEO\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/bitcoin-red1-e1694692269290-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Bull Run is Over, Warns CryptoQuant CEO<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>A similar situation is unfolding now, with the Atlanta Fed forecasting negative GDP growth for Q1, alongside persistent inflation worries and trade tensions.<\/p>\n<p>However, Cowen believes a Bitcoin recovery is possible if the S&amp;P 500 rebounds from its recent losses. He points out that stock market cycles often bottom out around mid-March or, in some cases, by mid-April.<\/p>\n<p>If equities stabilize, Bitcoin may have a chance to reclaim its bullish momentum. The key question, he says, is whether the S&amp;P 500 continues to weaken or finds support sooner than expected, which would influence Bitcoin\u2019s ability to break back above critical resistance levels.<\/p>\n<p><iframe loading=\"lazy\" title=\"Bitcoin: Bull Market Support Band\" src=\"https:\/\/www.youtube.com\/embed\/TeOCNEfwaHM\" width=\"100%\" height=\"464\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known crypto analyst is raising concerns that Bitcoin might be following a bearish trajectory similar to 2019 due to a key macroeconomic factor.<\/p>\n","protected":false},"author":3,"featured_media":37076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-153221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Bitcoin Repeating Its 2019 Downtrend? 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