Crypto analyst Benjamin Cowen stated Bitcoin is in the third and final stage of the bear market, with a predicted timeline extending from June 2026 to October 2026. In a YouTube update, Cowen based his analysis on historical precedence, arguing this stage will last approximately the same length as the first two bear market stages. His assessment comes as Bitcoin trades at $62,047, with Cowen suggesting the asset may revisit the $50,000 range in June before a potential breakout. The analyst's timeline projection reflects pattern analysis from previous Bitcoin market cycles, particularly comparing current conditions to the 2018 bear market structure.
Cowen Projects October 2026 as Bear Market Stage Three Endpoint
Cowen stated his argument that Bitcoin entered stage three of the bear market, with this phase expected to run from June 2026 to October 2026. He noted this stage represents the period when "arguably at this point a majority of the people do believe it's a bear market." The analyst's framework divides the bear market into three distinct stages of approximately equal length, with the current stage marking the final phase before a potential market bottom formation. His analysis draws on historical Bitcoin price patterns to support the timeline projection.
Analyst Identifies $50,000-$58,000 as June Support Range
Cowen outlined a near-term scenario where Bitcoin may revisit the $50,000 range in June before establishing a foundation for a July rally. Referencing the 2018 market structure, he stated that price action "wouldn't want to go that much below" prior lows, suggesting $57,000 to $58,000 as acceptable support levels. Cowen indicated the key factor would be Bitcoin's ability to "continue to hold support, maybe move up, get a short-term higher low" to set up favorable conditions. He noted the importance of where the June low ultimately forms in determining the trajectory for the following month. At time of writing, Bitcoin was trading at $62,047, showing no change on the day.
FAQ
What timeline did Benjamin Cowen give for Bitcoin's bear market stage three?
Cowen stated stage three of the bear market will last from June 2026 to October 2026, based on his analysis that this stage will last approximately the same length as the first two bear market stages.
What price levels did Cowen identify for Bitcoin in June?
Cowen suggested Bitcoin may revisit the $50,000 range in June, with $57,000 to $58,000 identified as acceptable support levels based on historical comparison to the 2018 bear market pattern.
