Cowen: If Bitcoin falls below $83,000, it will face the risk of further decline to Q4
2026-09-24 21:47:20
According to CoinMeta, crypto analyst Benjamin Cowen warns that Bitcoin's current market structure is described as "inverted," and if it falls below $83,000, it could affect its Q4 prospects. Despite facing rising macroeconomic pressures, including increasing Treasury yields and a stronger dollar, Bitcoin is still hovering near an 8-month high, close to $87,000. Cowen points out that the weekly closing price and the $83,000 level will determine whether Bitcoin will continue to rise or face a Q4 pullback. Historical data shows that since 2013, Q4 has had mixed performance, with 8 quarters being positive and 5 quarters being negative.
Source:Coinpedia
This content is for market information only and does not constitute investment advice.
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