Benjamin Cowen Warns Bitcoin Could Drop in Q4 If It Loses $83K
- —Bitcoin rose to an eight-month high near $87,000 despite macro headwinds
- —Cowen called the setup "The Upside Down" as BTC rallied against rising yields
- —The $83,000 level and the weekly close are key for the next move
- —A loss of $83,000 could trigger a Q4 decline, he warned
Why it matters: The $83,000 level is now the trigger: holding it keeps the bullish case alive, while a breakdown could accelerate selling into Q4.
Source: Coinpedia