Bankless · Monday, September 28, 2026
Analyst Ben Cowen discusses his previous prediction of a Q4 Bitcoin flush and admits he was wrong as Bitcoin has surpassed its May high. He notes that in prior bear markets, crossing the 50-week moving average and achieving a higher high typically signaled the end of the bear market.
“The reason I admitted I was wrong was just because I think it's important to do that when you are wrong. And, you know, if I spend two months saying, I don't think we're going to take out the May high and then we take it out. I mean, like, where am I to hide?”
“Once we've crossed the 50-week moving average, once we put in a higher high, the bear market was always over. And so I didn't really give the idea of taking out the May high a lot of weight.”