Bitcoin Faces Risk of 50% Price Drop After Unsustainable Rally, Analyst Warns

• Bitcoin may be headed for a nasty 50% price correction after failing to retest $30,000 as support • Analyst Benjamin Cowen says current Bitcoin rally looks unsustainable without building support levels • Cowen notes Bitcoin historically retests previous resistance levels as support before climbing higher • Bitcoin is up nearly 3% in the last 24 hours, trading around $64,700 • Cowen warns blow-off tops often lead to gut-wrenching bear market corrections