Cowen says Bitcoin's four-year cycle points to a July counter-trend rally before a final drop later this year, mirroring 2018 and 2022.

Bitcoin falls 2% after Trump declares the Iran ceasefire over, threatening to erase a three-day ETF inflow streak worth $509M.

Bitcoin trades near $62,103 as the daily chart rejects $64,000, MACD flashes bullish, and longer averages stay bearish.

Cowen says Bitcoin's four-year cycle points to a July counter-trend rally before a final drop later this year, mirroring 2018 and 2022.