Cowen: Bitcoin needs $83K reclaim or risks deeper slide
- —Cowen wants a weekly close above $83K to invalidate the bearish case
- —He called the Oct. 25 bounce temporary with BTC still below $80K
- —Key risks: Oct. 29 PCE data and oil near $120 on the Iran war
- —A 5.3% 10-year yield would add selling pressure on stocks and bitcoin
Why it matters: The call ties bitcoin to macro drivers — inflation, oil and Treasury yields — rather than crypto-native catalysts.
Source: Blockmedia