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Analyst Cowen: Bitcoin is poised for a rebound in the fourth quarter!
Analyst Benjamin Cowen is bullish on Bitcoin for Q4 2025 after September decline; Support remains crucial.
Analyst Cowen: Bitcoin is poised for a rebound in the fourth quarter!
Analyst Benjamin Cowen is optimistic about the future of Bitcoin (BTC), even though the cryptocurrency has seen a decline of about 12% compared to its all-time high. In a recent strategy session for his 933,000 YouTube subscribers, Cowen explained that September's fluctuations were typical of post-halving years. His expectations are for possible improvement in the fourth quarter, although he considers possible continued weakness over the next week or two. Cowen's view remains bullish as long as Bitcoin does not fall below a certain level.
The crucial boundary is the bull market support band, which consists of the 20-week simple moving average and the 21-week exponential moving average. Cowen emphasizes that September served to test this support zone. Should BTC fall below these levels, it could fall back to the 50-week moving average, which has already provided support this cycle. However, Cowen will only change his bullish view if there is a weekly close below the 50-week moving average. This is “basically under USD 100,000”. At the time of his statement, Bitcoin was trading at $109,299.
Market analysis and expectations
Market dynamics and claimed support levels form the core of Cowen's analysis. He explains that the decline in September is not worrying as long as it remains within statistical norms. Historically, post-halving years tend to show September weaknesses, followed by a price increase towards the end of the year. Cowen's analysis therefore provides insights not only into current market conditions, but also historical patterns that may be of interest to investors.
A closer look at support levels could be crucial for traders. In addition to the bull market support band and the 50-week average, it is primarily price movements that underpin Cowen's forecasts. He remains confident that Bitcoin can find a path back to higher prices if market data allows. Cowen's approach could serve as a guide for investors seeking to navigate this volatile market.