I just saw a pretty interesting analysis circulating in the community. While Bitcoin recovers ground and hits $78,200, there’s something many might be overlooking.

Benjamin Cowen, one of the most followed analysts in crypto, is raising flags about what could come next. It’s not pessimism; it’s more of a call for caution. According to his analysis, there are patterns in the 2018 and 2022 cycles that could repeat, suggesting that Bitcoin might face a local top toward the end of April.

What caught my attention is how Benjamin Cowen is monitoring stablecoin dominance. When you see USDT and USDC gaining ground on the 100-day moving average, that’s a clear sign that investors are taking profits and moving into cash. It’s as if smart money is preparing for something.

Cowen also mentions the Federal Reserve meeting on April 29 as a significant risk factor. Historically, these events can trigger unexpected volatility.

The most interesting prediction comes afterward: Benjamin Cowen suggests that Bitcoin could retest $60,000 later in the year. May and June are typically weak months in the crypto market, so that fits the pattern he describes.

As for the final advice, Benjamin Cowen is clear: caution is necessary. A true market bottom isn’t confirmed until we see repeated tests at resistance levels over the coming months. It’s not the time for FOMO; it’s the time to watch and be prepared.