Bitcoin may see a rally by year-end, but analyst Benjamin Cowen urges caution. He expects a September low near the 20-week moving average, warning that losing the 50-week moving average could end the bull market. Altcoins may underperform until Ethereum hits all-time highs. Concentrating on Bitcoin with an 80/20 BTC-ETH allocation is advised.

Cowen tempers altcoin price expectations, noting Ethereum may be capped around $6,000–$8,000 and XRP around $5–$7. Broader macro pressures, including seasonal weakness, Fed policy, and an expected S&P pullback, support the correction thesis. Holding $95,000 is seen as the ultimate integrity test for the bull market before a likely bear market in 2026.

Gold’s breakout timing could coincide with Bitcoin’s September low, mirroring 2024 patterns. Macro factors support the correction thesis through seasonal weakness and Federal Reserve policy impacts. The S&P 500 may drop 5% into late September before bouncing, creating broader risk-off conditions affecting crypto markets.

Read more at Yahoo Finance: Dipping Below $95,000 Would End Bitcoin’s Bull Market, Analyst Warns