Crypto expert Benjamin Cowen thinks Bitcoin (BTC) is nearing the end of a bear market.
In YouTube’s latest update, Cowen he says that Bitcoin is probably in the third and final phase of the downtrend when BTC starts to form a market bottom based on historical data.
“My argument now is, we are in the third phase of the bear market. I believe this phase will be about the same length as the first two phases. So this one, in my opinion, will take us from June 2026 to October 2026, and this is the third phase of the bear market, which is undoubtedly at this point many people believe it is a bear market.”
Recently, Cowen thinks that Bitcoin may repeat the $50,000 level in June before taking a break next month.
“If you look at 2018, you don’t want to go too low (already low). You can argue $57,000, $58,000 which would be good, but you would like to see it continue to support, maybe move up, find a short period of lows, and then it makes you stay low in July. So we will see that in June.”
Bitcoin is trading at $62,047 at the time of writing, flat on the day.
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