Bankless · Monday, September 28, 2026
Ben Cowen emphasizes the importance of Bitcoin's weekly candle close above the May high (around $82.8k-$83k) as a key indicator for confirming the end of the bear market. He suggests that a close below this level could signal a potential Q4 downturn, while a close above it would provide further validation for the bullish outlook.
“If we close back below 80, what, 82.8K, On the weekly? On the weekly. A close below that, which is only $1,000 lower than where we are, right? Like there's not a lot of wiggle room and we still have two days before the weekly close. If we close below that, then I think everyone needs to go take a cold shower and be like, all right, Maybe we have to go down one last time? Like maybe we have to go down again into Q4?”
“If we close above it, I think that's going to be further confirmation to skeptics that the low is in, right? Because now you've got the close above it. Silver didn't get the close above it, right? It was just a wick back up.”
“I would say respond to it. If the weekly close happens below it, then pivot back to being bearish going into Q4. And if not, then stay bullish.”