Well-known crypto analyst Benjamin Cowen has revealed that he expects numerous memecoins, including Bitcoin (BTC), to be wiped out during the current market cycle. Here is the analyst’s warning regarding memecoins. In his latest YouTube video, Cowen points out that Bitcoin’s price is currently above its 20-week simple moving average (SMA) and its 21-week exponential moving average (EMA). According to the analyst, when these two averages are considered together, they form what is known as the bull market support band.