Relax, Bitcoin Is Just Doing What It Always Does In Midterm Years, Analyst Stresses
Posted On June 9, 2026
Bitcoin (CRYPTO: BTC) may spend the remainder of 2026 trading below its long-term fair value trend, according to crypto analyst Benjamin Cowen, who nevertheless remains optimistic about the industry’s long-term growth trajectory.
BTC Below “Fair Value” Trendline
In a podcast on June 8, Cowen revisited one of his longest-running valuation models and suggested an update could be coming later this year.
The analyst said his existing framework has successfully captured much of Bitcoin’s market behavior over the past several years, including the current cycle’s resemblance to the 2019-2020 period.
“Sort of the assessment that this whole cycle was kind of …
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