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

Ben Cowen, one of the most important target=”_blank” rel=”dofollow”>

Cowen argued that, contrary to popular belief, bear markets spend most of their time in upward trends rather than downward movements. He stated that this misleads both bulls and bears, noting that declines are usually very short-lived and sharp.

Cowen stated that a drop in Bitcoin to between $30,000 and $50,000 could be a convincing bottom consistent with historical indicators. Noting that 2026 is a “midterm election year” in the US, Cowen argued that these years are generally difficult for crypto and that the market should undergo a “time-based capitulation” process.

Cowen, who likened the altcoin market to a casino, said that investors should focus on Bitcoin, as altcoins could continue to lose value against Bitcoin.

*This is not investment advice.