Benjamin Cowen said that Bitcoin's performance has been relatively strong, believing that Q4 the bearish assessment needs to be reassessed.
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Bitcoin Q4 Bearish view questioned: Unexpected market movements begin to shake market judgment
PANews September 30 reported that ITC Crypto founder Benjamin Cowen posted, questioning the bearish view on Bitcoin Q4. He stated that, technically, current market movements are favorable for bulls, and the current BTC price and the May peak are now less than 1%apart, making it difficult to draw conclusions about the outlook before entering Q4. Benjamin Cowen further noted that, historically,BTC after breaking above the 50-week moving average, such as in 2019 and 2023, typically rises 1 to 2 within 20%to 30%Benjamin Cowen stated that Bitcoin's current price is less than https://www.panewslab.com/zh/articles/01a0edfc-1ad9-7217-9746-1cea6eb93a7b
Key points
01
PANews reported that ITC Crypto founder Benjamin Cowen questioned the bearish view on Bitcoin Q4.
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Benjamin Cowen said that from a technical perspective, current market action is favorable to bulls.
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He stated that, at present,BTC the gap between the price and the May peak is now less than 1%。
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He said that, historically,BTC in 2019 and 2023 years, after breaking above the 50-week moving average, it would typically rise within 1 to 2 weeks by 20%to 30%。
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He stated that the current cycle's price movement has been noticeably more moderate, while Bitcoin has continued to demonstrate resilience.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market participant's analysis of Bitcoin's technical trend. He believes that BTC is close to the May high and is showing resilience, so it is still too early to conclude that it will decline in the fourth quarter. However, this represents an analytical view and does not mean that future prices have already been confirmed.
Why it matters to readers
The market may be divided in its assessment of the fourth-quarter trajectory.BTC Whether it can approach or break through May the high, and whether it can remain above the 50 weekly moving average, are important signals emphasized by the original text's view.
Beginners should understand this content as a technical-analysis view rather than a definitive prediction of gains or losses; the historical gains cited do not guarantee that this market cycle will be repeated.
Risks and unknowns
Q4 It is still impossible to confirm whether Bitcoin will ultimately rise or fall.
Whether seasonal factors and rising U.S. Treasury yields have made this rally more moderate is described in the original text only as “possible”.
The original text does not provide technical charts or data sources to independently verify the relevant historical performance.
The original text only states “September 30” and does not specify a year.
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Q4
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