Bitcoin (CRYPTO: BTC) could face another major test in June, as analysts warn the asset is losing momentum and weakening against stocks and gold.

“Date With Destiny“

In a June 2 podcast, crypto analyst Benjamin Cowen said Bitcoin’s next “date with destiny” may arrive in mid-June, with price potentially testing the 200-week moving average.

He compared current Bitcoin price action to prior mid-cycle weakness in 2018 and 2022, when BTC found local lows around June before staging relief rallies into July.

Overall, the 2026 structure looks similar to 2018, when BTC set a February low, rallied into May, formed a lower high and swept the February low in June.

Cowen said Bitcoin’s February…

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