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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin, Ethereum Entering Pivotal Bull Market Phase—Here's What It Means

Two,Coins,Bitcoin,And,Ethereum,On,A,Dark,Background.,Business

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are entering a pivotal phase in the current bull cycle, according to crypto analyst Benjamin Cowen.

What Happened: Ethereum's push above $4,000 marks the completion of what Cowen called its "going home" phase in a podcast on Aug. 10 — a recurring cycle pattern where Ethereum bottoms against Bitcoin for the third time, as seen in 2016 and 2019.

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