Benjamin Cowen, a renowned crypto analyst with 853,000 YouTube subscribers, predicted a correction for Bitcoin in January. As an analyst with a mixed success rate, his predictions have polarizing responses from the crypto community.
This article will examine Benjamin Cowen’s previous price predictions and check his success rate. We will also analyze his latest predictions regarding BTC and ETH and determine whether he is a trustworthy analyst. Let’s begin.
Who is Benjamin Cowen?
Benjamin Cowen, aka Ben Cowen, is a crypto expert famous for his in-depth chart analysis and price predictions. He communicates through his YouTube channel and his X handle (@intocryptoverse). Beyond his blockchain expertise, he is a research fellow in Plant Biology and a teaching assistant in Mathematics. Since he is famed for his predictions, let’s check some of his previous predictions.
Success Rate of Benjamin Cowen’s Previous Predictions
- 2021 Predictions: In 2021, he rightly pointed out the Wyckoff method in the charts. Starting from January, BTC was moving through a Wyckoff accumulation phase, and later in April, it achieved its ATH. He predicted it right before the downtrend.
- 2022 Predictions: Benjamin Cowen had high expectations for 2022, expecting a bull run and BTC’s price to reach 100K. But his predictions miserably failed and we entered a bear market.
- 2023 Predictions: A Reddit user has detailed analysis regarding Cowen’s 2023 crypto predictions. Out of 17 predictions analyzed, only two were correct. All other forecasts failed to be realized in the charts.
- 2024 Predictions: Benjamin Cowen nailed his predictions. He correctly studied the crypto scenario integrated with international politics and predicted an accurate outcome with ignorable shortcomings.
What Next for the Crypto Market? Benjamin Cowen’s January 2025 Prediction
According to Benjamin Cowen, Ethereum, and other prominent altcoins have the potential to survive this month. Meanwhile, Bitcoin is expected to see a double-digit percentage dip. Cowen’s prediction is based on Bitcoin’s historical corrections in January.
There was a 30% drop in January 2017, the post-halving year. A 30% dip also occurred in January 2021. So, there is a strong chance for the same to reoccur this time. However, this phenomenon hasn’t happened in other years, so it is just a 50% probability.
How to Choose a Genuine Crypto Analyst?
If you plan to subscribe to the premium content of a price-prediction expert and watch his hours-long analysis, first you should check the genuineness of the person. If a person has so much general data and can talk brilliantly about blockchain, it can create the illusion that it has been mastered. That means, instead of looking at how knowledgeable he is or how brilliant his oratory skills are, we should look at how many of his predictions have become true in the long run.
A better idea is to follow someone for a certain timeframe and record the exact statements, including the price target and other conditions. You can easily find fake influencers and price prediction experts if you critically follow them for a certain period of time. Fake ones have a habit of slowly shifting their previous narratives according to the situation they are in, manipulating the time and value.
Final Thoughts
Despite various shortcomings, Benjamin Cowen has a higher success rate compared to other prominent crypto influencers. Beyond the price forecast, he will be helpful if you are genuinely interested in learning about the cryptocurrency market.
Finally, be aware that 100% accurate prediction is not possible unless you are the one who controls the market. Since it is a decentralized market, it will be hard for a market maker to control the entire ecosystem. The best solution is to do your own research about the coins in your portfolio to create your own entry and exit strategies. Always DYOR!
