The decline is due to the market's maturity in relation to BTC; it is a cyclical effect that will surely allow for a forthcoming rebound, just like in the rest of the market.

Benjamin Cowen explained why Bitcoin is falling and why, in his opinion, the market should not be surprised. The analyst argues that the current behavior fits well-known historical patterns and that Bitcoin would be entering a classic bearish phase of the cycle. For Cowen, the asset is reacting consistently with what has been observed in previous cycles.

The lack of momentum, the cooling of interest, and the macroeconomic context reinforce his thesis. To understand his vision, it is key to analyze the two main pillars of his argument.