Benjamin Cowen Predicts Bitcoin Bottom in October 2026

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 16 2026

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Bottom Prediction: Benjamin Cowen stated in a LinkedIn post on February 8, 2026, that Bitcoin's most likely low is in October 2026, although a rapid decline could bring it forward to May, indicating that the market is still in search of its bottom based on a four-year cycle analysis.
Current Market Status: CoinGecko shows Bitcoin priced at $74,683 with a 24-hour change of only 0.04% and a market cap of approximately $1.49 trillion, suggesting that the market has not yet confirmed capitulation and investor sentiment remains low.
Fear and Greed Index: The Fear and Greed Index from Alternative.me stands at 23, indicating extreme fear in the market, coupled with persistent ETF outflows reported by Glassnode, which suggests that investors are cautious in their search for Bitcoin's floor.
Historical Cycle Analysis: Cowen noted that Bitcoin's historical cycle lengths were 1,062 days, 1,059 days, and 1,067 days, indicating that the market has followed a remarkably tight rhythm in past cycles, leading to the expectation that the eventual low will occur later in 2026 unless the decline compresses unusually quickly.

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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 10 technical signals, shows that 5 indicators are flashing buy, while 5 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	56903.603	61989.801	67907.603	72993.801	78911.603	83997.801	89915.603
Fibonacci	61989.801	66193.329	68790.273	72993.801	77197.329	79794.273	83997.801

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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