Benjamin Cowen pushes back on bearish Q4 bitcoin outlook
- —BTC is less than 1% below its May high
- —In 2019 and 2023, BTC gained 20–30% within 1–2 weeks after reclaiming the 50-week MA
- —The current advance is milder amid seasonality and high Treasury yields
- —Cowen says the bearish Q4 case needs to be revisited
Why it matters: A sustained hold above the 50-week moving average could set bitcoin up for a fresh rally in Q4.
Source: PANews