Benjamin Cowen Makes Rare Bitcoin Price Prediction
- Bitcoin Price Range: Bitcoin has been trading in a tight range between $72,000 and $74,000 recently, lacking clear direction, which reflects a subdued market sentiment that could impact investor confidence.
- Cowen's Prediction: Cowen predicts that Bitcoin will soon tag $70,000, followed by a small bounce, but ultimately expects it to return to the February 2026 lows around $60,000, indicating potential further downside pressure in the market.
- ETF Outflows: Between May 25 and May 29, US spot Bitcoin ETFs recorded net outflows of approximately $1.42 billion, a significant amount that could exacerbate downward pressure on Bitcoin prices and affect market liquidity.
- Macro Economic Challenges: High oil prices, the Fed showing no signs of rate cuts, and elevated real yields are macro factors weighing on risk assets like Bitcoin, potentially leading investors to adopt a cautious outlook on market prospects.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.876 | 1.184 | 1.508 | 1.816 | 2.14 | 2.448 | 2.772 |
| Fibonacci | 1.184 | 1.425 | 1.574 | 1.816 | 2.057 | 2.206 | 2.448 |
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