According to crypto strategist Benjamin Cowen, Bitcoin's recent rally looks similar to its 2015 price movement, which saw a 2x rally followed by a 50% drop. Cowen warns that if Bitcoin repeats this pattern, it could witness a 50% devaluation and hit a double bottom. This warning comes as Bitcoin flashes a death cross on the daily chart, which is viewed as an ominous signal by traders. At the time of writing, Bitcoin is trading for $25,933.
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