So, gather ’round, crypto enthusiasts! Our favorite analyst, Benjamin Cowen, has officially declared that Bitcoin (BTC) is in a bear market. Yes, you heard it right-bear, not bull! 🐻
Currently, BTC is strutting its stuff at $87,138, which, let’s be honest, feels more like a sad trombone than a victory march, given that it’s down 4% over the last month. Cowen, with his dedicated army of 970,000 YouTube subscribers, has dropped a prediction for 2026 that sounds like the plot of a dystopian novel.
“What I think makes the most amount of sense is for Bitcoin to drop into the in sort of like early 2026, rally back up to the bull market support band and then back down to the 200 week moving average and then consolidate there. Maybe you go a little bit lower in October because a lot of the bare markets do last about a year and then hopefully we can get back on track. That’s what I think makes the most amount of sense right now.”
Honestly, who needs Netflix when you have crypto drama unfolding in real-time? 🍿 And while Cowen reminisces about past market conditions, he somehow manages to keep a straight face while comparing current BTC vibes to previous bear markets like 2022, 2018, and 2014. Spoiler alert: he says it’s not as bad as it looks. Well, isn’t that comforting? 😅
“When I look at this market cycle, when I look at the current market conditions, do I say it’s a bear market like 2022, 2018, 2014? Technically, if the foyer cycle remains intact, we can’t ignore it. But because we topped on apathy rather than euphoria, I have to defer to the 2019 bear because this is the only current bare market that we’re actually below, right? I mean, if you look at all the others, we’re still well above them. And there was no major panic, right? No major panic.”
Thanks for the reassurance, Benjamin! Because nothing says “don’t panic” quite like being told you’re just riding a bear wave instead of a full-blown panic attack. 😬
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2025-12-30 18:52