Bitcoin Projected to Bottom in October 2026, Says Benjamin Cowen
- Market Resilience: Bitcoin has risen over 12% since February 28 amid escalating US-Iran geopolitical tensions, demonstrating strong market resilience and indicating investor confidence in its long-term value despite global uncertainties.
- Cycle Bottom Prediction: Benjamin Cowen, CEO of Into The Cryptoverse, highlighted that historical patterns suggest Bitcoin typically finds its bottom about a year after reaching its peak, projecting October 2026 as the next bottom, reflecting cautious optimism about future market trends.
- Shift in Market Sentiment: Cowen noted a significant change in market behavior this cycle compared to 2017 and 2021, with the current peak occurring under subdued sentiment and waning retail enthusiasm, potentially leading to diminished altcoin rotation and indicating a maturing market.
- Price Dynamics: Currently trading at $73,831, Bitcoin remains over 40% below its last all-time high of nearly $126,000 in October 2025, and analysts will continue to monitor the upcoming halving event and its potential impact on market trends.
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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 5 technical signals, shows that 3 indicators are flashing buy, while 2 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 | 62639.679 | 66572.78 | 70466.799 | 74399.9 | 78293.919 | 82227.02 | 86121.039 |
| Fibonacci | 66572.78 | 69562.74 | 71409.94 | 74399.9 | 77389.86 | 79237.06 | 82227.02 |
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