Could Bitcoin experience a new correction after reaching record highs? Recent analysis from Benjamin Cowen suggests this is possible, citing various technical indicators and historical price patterns. Cowen highlights the potential for a short-term dip in value following the formation of a “golden cross” on Bitcoin’s daily chart, where the 50-day moving average surpasses the 200-day moving average. While this pattern is typically considered bullish, Cowen points out past experiences show Bitcoin often faces temporary corrections after such formations. Several golden crosses in recent years led to brief but notable price declines, with 2015 witnessing the most significant drop. These historical trends are particularly relevant as Bitcoin navigates current market dynamics.