Benjamin Cowen Scraps October Bitcoin Bottom Call After Rally to $85K
- —Cowen wrote "I was wrong" and dropped his October 2026 bottom forecast
- —Bitcoin rebounded from summer lows near $58,000 to $85,260, up 6% in a day
- —Michael Saylor replied to the admission with "Welcome back"
- —Strategy disclosed a 950 BTC purchase the same day, lifting holdings to 846,000 BTC
Why it matters: A prominent four-year-cycle advocate abandoning his late-bottom case weakens that thesis and may push funds to revisit timing models.
Source: The Crypto Times