ITC Crypto founder Benjamin Cowen pushed back on a bearish outlook for Bitcoin in the fourth quarter, arguing that current price action does not clearly support that view. In a post cited by ChainCatcher, Cowen said the market’s technical setup is favorable for bulls at this stage. He also pointed to Bitcoin’s proximity to its May peak, noting that BTC is now less than 1% away from that level. With the market heading into the fourth quarter, Cowen said it remains difficult to make a firm call on what comes next. His remarks focus on the technical picture rather than a definitive directional forecast, and frame the current setup as one that still leaves room for uncertainty despite Bitcoin’s strength near recent highs.
ChainCatcher reported that ITC Crypto founder Benjamin Cowen questioned the bearish case for Bitcoin in the fourth quarter.
Cowen said the current market structure is technically supportive for bulls. He added that BTC is now less than 1% below its May high, making it hard to draw a firm conclusion about the market’s next move before the fourth quarter begins.
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