Bitcoin Primed To ‘See Better Times’ in Q4, According to Analyst Benjamin Cowen – Unless BTC Plummets Below This Level
Analyst Benjamin Cowen says he’s bullish on Bitcoin ( BTC ) despite the crypto king falling by around 12% from its all-time high price.
In a new strategy session, Cowen tells his 933,000 YouTube subscribers that the downturn in Bitcoin is nothing out of the ordinary in the month of September during the post-halving years.
“So, as far as I’m concerned, this is playing out how it always plays out in post-election years, post-halving years. There could still be a little bit more weakness for another week or two. But hopefully we see better times as we get out into Q4.”
Cowen says his bullish bias will remain even if Bitcoin falls below its bull market support band, but not if BTC falls below the 50-week moving average. The Bitcoin bull market support band is composed of the 20-week simple moving average and the 21-week exponential moving average.
“…the whole point of September was that we would spend the whole month testing the bull market support band. If it goes below it, it still has the ability to try to find support at the 50-week moving average, which it’s found support throughout this entire cycle.
I will only flip my bias this early into the last part of the post-halving year if we have a weekly close below the 50-week moving average. As long as it stays above the 50-week [moving average], there’s always hope.”
According to Cowen, the 50-week moving average is “basically below $100,000.”
Bitcoin is trading at $109,299 at time of writing.
Follow us on X , Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Today: Ethereum’s Fusaka: Achieving 100,000 TPS While Maintaining Decentralization
- Ethereum developers are finalizing the Fusaka upgrade (Dec 3), introducing PeerDAS to reduce data verification costs and boost layer-2 scalability. - The upgrade enables 100,000+ TPS via BPO forks and 60M gas limit increases, enhancing transaction throughput while maintaining decentralization. - Historical context includes prior upgrades (Merge, Dencun) and market reactions showing mixed sentiment despite improved technical metrics. - Security features like EIP-7934 (10MB block cap) and deterministic pro
Bitcoin Updates: BlackRock's ETF Surges as Competitors Struggle—Is This the Next Benchmark for Crypto?
- BlackRock's IBIT ETF became its top revenue source with $42.8M inflows, outperforming rivals like FBTC (-$33.3M). - Growing investor demand for regulated Bitcoin exposure highlights shifting preferences toward established asset managers. - Sustained inflows reflect institutional adoption trends and hedging against macroeconomic risks via compliant BTC access. - ETF liquidity and transparency advantages position them as bridges between traditional finance and digital assets. - Market watchers monitor flow
BCH Rises 7.38% in the Past 24 Hours as Short-Term Growth Surpasses Industry Average
- BCH surged 7.38% in 24 hours, outperforming its industry and S&P 500 by significant margins. - Zacks Momentum Style Score B and Buy rating reflect strong earnings revisions and rising analyst confidence. - Consistent trading volume and 63.46% YTD gains reinforce BCH's momentum-driven appeal to trend-following investors.
Asbury's Retro Strategy Increases Profits, Yet Shares Trail the S&P
- Asbury Automotive's nostalgia-driven strategy boosted Q3 2025 earnings, with $7.17 adjusted EPS surpassing estimates and $4.8B revenue up 13% YoY. - New vehicle sales ($2.53B, +17%) and finance/insurance profits ($187.1M, +9%) drove growth, though used vehicle sales lagged due to weak unit demand. - Despite strong fundamentals and value scores (A ratings), ABG stock underperformed the S&P 500 by 1.2%, reflecting mixed investor sentiment amid $3.6B debt concerns. - Analysts highlight Asbury's $28.03/share
Trending news
MoreCrypto prices
More
