Crypto analyst Benjamin Cowen, in a live broadcast where he discussed Bitcoin’s (BTC) recent decline, said the market could form a significant bottom in the fourth quarter of 2026. Examining past Bitcoin...
Summary
- Examining past Bitcoin cycles, Cowen discussed two different scenarios for the end of the decline, stating that the next few days could be critical.
- According to Cowen, the bull market support band between $73,000 and $77,000 is one of the most important areas that will determine Bitcoin’s short-term direction.
- The analyst noted that Bitcoin had fallen to $76,642, with the 21-week EMA around $76,612.
- He stated that these levels could trigger buying activity, but there was no guarantee that support would be maintained.
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