Bitcoin Bear Market Bottom Could Arrive In October 2026, Analyst Warns

Crypto analyst Benjamin Cowen cautioned that Bitcoin (CRYPTO: BTC) may be mirroring its 2019 topping structure, with October’s high potentially marking the mid-cycle peak ahead of a deeper correction.

What Happened: In his latest podcast, Cowen noted two crucial signals:

• The time-based ROI from cycle lows has reached its historical upper limit.
• Macro conditions closely resemble 2019, when Bitcoin topped just before the end of quantitative tightening (QT).

With the Fed expected to conclude QT in December 2025, Cowen sees this as a possible cycle …

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