Analyst Cowen warns Bitcoin may mirror silver's post-2011 slump
- —Second weekly close below $83,000; Oct. 25 close was $80,154
- —Next target is the 20–21-week bull market support band at $72,000–76,000
- —Cowen's roadmap: lows in February and July, breakdown in 2027–2028
- —A weekly close above roughly $84,000 would invalidate the bearish thesis
Why it matters: Losing $83,000 and sliding toward the support band could pressure BTC holders and trigger another wave of selling.
Source: BeInCrypto FR