Could Bitcoin be gearing up for a powerful rebound? Crypto analyst Benjamin Cowen believes so. In his latest market update, Cowen suggests that BTC might be approaching a pivotal moment — one that could trigger a sharp, short-term rally, despite broader uncertainty in the current cycle.

Key Levels to Watch

Cowen points to the $72,000 region — Bitcoin’s 2024 high — as a critical support zone that may soon be retested. In addition, he highlights a long-term descending resistance trendline that intersects near the $60,000 level, a price zone that could offer traders a compelling opportunity if tested.

According to Cowen, if Bitcoin dips into that trendline support area, it could launch a counter-trend rally, giving the bulls a brief but potentially explosive move upward.

Short-Term Bounce, Long-Term Uncertainty

While Cowen isn’t forecasting a full-blown bull run, he believes traders might find value in the potential bounce. However, he tempers enthusiasm by noting that a rally from support wouldn’t necessarily change the broader trend or the challenges facing crypto markets later in the year.

Why This Matters

Short-term volatility continues to define the crypto landscape in 2025. As macroeconomic uncertainties linger and liquidity tightens, tactical trades around key technical zones could become increasingly relevant for active participants. Cowen’s analysis adds weight to the argument that even in corrective phases, Bitcoin can offer strategic trade setups.