Veteran Analyst Ben Cowen Explains “Bitcoin’s True Bottom” – “If It Falls to This Level It Will Have Truly Hit Bottom”

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In contrast, Cowen argued that, contrary to popular belief, bear markets spend most of their time in upward trends rather than downward movements. But this misleads bulls and bears, he said, adding that declines are usually very short-lived and sharp.

According to Cowen, a decline in Bitcoin from $30,000 to $50,000 could be ‘a convincing bottom consistent with historical indicators’. In the US, Cowen argued that these years are generally hard for crypto and that “the market should be capitulation” process because it is not known that 2026 is an “midterm election year”; this was also said to be one of the hardest years in which they have been difficult.

In a statement that “the Altcoin market is like the Casino,” Cowen said investors should focus on Bitcoin, as altcoine would still be worth less than Bitcoin.

*This is not investment advice.

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