Bitcoin's Bullish Momentum Holds Above $30,000, But a Catch Looms

Crypto analyst Benjamin Cowen predicts further rallies for Bitcoin (BTC) as it stays above the $30,000 level. However, he warns that BTC tends to consolidate for weeks or months after surges. Cowen expects Bitcoin to rally to around $33,000 before slowly pulling back to $29,100 by September. He also notes similarities between Bitcoin's current price action and its 2019 bullish period, suggesting the potential for a third surge that could push BTC close to $40,000. At the time of writing, Bitcoin is trading at $30,588.