Cowen warns of bearish Bitcoin path to 2026 as support tests

Community Trust Score Verified 92 % Real Verified 26 votes Updated 6 minutes ago Bitcoin is testing the $80,000 support level after failing to maintain the $83,000 threshold, creating a critical juncture for the asset ahead of the weekend close. Analyst Benjamin Cowen stated that a weekly close below $83,000 on October 25 would strengthen his bearish outlook for the remainder of 2026. This technical warning coincides with significant pressure from macroeconomic factors, including upcoming Federal Reserve meetings and inflation data releases. The recent market volatility has resulted in substantial liquidations for bullish traders.

Source: The Currency Analytics