Ben Cowen: Bitcoin's True Bottom Probability Only 25%
- Bitcoin Bottom Analysis: Renowned analyst Ben Cowen states that the probability of Bitcoin having reached a true bottom in its current cycle is only 25%, indicating that prices could fall further, urging investors to remain rational rather than impulsive.
- Historical Trend Comparison: Cowen highlights that, contrary to popular belief, bear markets spend most of their time in upward trends, which can mislead both bulls and bears, potentially leading to poor investment decisions.
- Potential Price Range: He suggests that a drop in Bitcoin to between $30,000 and $50,000 could align with historical indicators, serving as a convincing bottom that reflects the market's volatility and uncertainty.
- Market Cycle Impact: Cowen notes that 2026 is a midterm election year in the U.S., which is generally challenging for the crypto market, predicting a “time-based capitulation” process, and advises investors to focus on Bitcoin rather than altcoins.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 60140.773 | 63936.391 | 68446.763 | 72242.381 | 76752.753 | 80548.371 | 85058.743 |
| Fibonacci | 63936.391 | 67109.28 | 69069.493 | 72242.381 | 75415.27 | 77375.483 | 80548.371 |
About BTC
About the author
