Analyst Benjamin Cowen: too early to call the Bitcoin bear market over
- —Bitcoin trades above $81,280, but Cowen says a trend reversal is not confirmed
- —A weekly close above the 50-week SMA would weaken the downtrend
- —A lower peak below the previous high could extend the bear market, echoing 2014-2015
- —A higher peak similar to 2019-2023 price action would be a bullish signal
Why it matters: The read on key technical levels will shape whether traders buy the current bounce or brace for another leg down.
Source: Bitcoin Sistemi EN