Crypto analyst Benjamin Cowen suggests that the recent breakout of gold may indicate a local top for Bitcoin’s recent surge in strength. In a video update, Cowen explains that if gold continues to perform well, it could imply a significant correction for Bitcoin, rather than a repeat of last year’s price increase. Cowen also highlights the breakdown of Ethereum against Bitcoin as another potential indicator of a Bitcoin top. However, he notes that altcoins bleeding out against Bitcoin has not yet occurred this time around. Cowen predicts that Bitcoin will likely fluctuate between $66,000 and $56,000 in the coming weeks. At the time of writing, Bitcoin is trading at $63,386, representing a 1.2% decrease in the last 24 hours. It began the year at around $44,000.