Crypto analyst and trader widely respected says Bitcoin is in an official bear market.
Crypto trader Benjamin Cowen told his 970,000 YouTube followers that BTC will likely fall even further by 2026. BTC has fallen 4% since the beginning of this month.
What I believe makes sense for Bitcoin is to fall into in early 2026. Then, to rally up and back to the bull-market support band. You could go down a bit in October, because the naked markets usually last about one year. Then we’ll hopefully be able to get back on track. This is what I believe makes the most sense at this time.
Even back in the day, Bitcoin had a break-out after 6 months. We had the pandemic-induced recession but we also came out of it. This is where I stand with the markets .”
Analysts claim that BTC is currently experiencing similar conditions as major bear markets in the past. However, Cowen advises against panic.
When I examine this cycle of the market, and when I consider current market conditions do I call it a bearish market, like in 2022, 2018 or 2014? We can’t ignore the foyer cycle if it remains intact. Because we reached the top on apathy and not euphoria I must defer to 2019 because it is the current bear market we are actually below. If you take a look at the other bare markets, we are still far above them. There was no panic at all, correct? No major panic.”
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The post Benjamin Cowen, Analyst: Bitcoin Bear Market Reveals Prediction 2026 BTC may change as new information becomes available.
