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Benjamin Cowen, one of the most respected technical analysis experts in the cryptocurrency world, painted a pessimistic but target="_blank" rel="dofollow">
Cowen, arguing that historical four-year cycles remain unbroken, reminded that Bitcoin typically bottoms out about a year after peaking. Based on current data, the analyst predicts October 2026 as the “most likely bottom time” for Bitcoin.
Cowen assessed the current price movements with the following words:
“We are in a period where bears appear smart and bulls are making money. However, the data tells us that we are in a bear market year. I don’t expect Bitcoin to hit a new all-time high (ATH) in 2026.”
Cowen stated that the risk persists as long as Bitcoin consolidates around the $70,000 level, adding that a drop to the $50,000-$55,000 range is a possibility. He specifically mentioned that a break below the $60,000 support level could lead to a “capitulation” phase, but these declines would also create opportunities for long-term accumulation.
*This is not investment advice.