Ben Cowen Says You Have Permission to be Bullish

Cowen says Bitcoin holding above roughly $82.8K on a weekly close is the key signal separating a resumed bull market from renewed Q4 weakness.

• Cowen's reversal: He publicly admitted he was wrong to dismiss the possibility Bitcoin would take out its May high, previously expecting a Q4 flush tied to midterm-year seasonality.
• Bear market was short and mild: This cycle's drawdown lasted ~9 months (vs 2022's longer, deeper crash) with only ~100 days below the 200-week moving average versus 270 days last cycle, and no Terra/3AC/FTX-style contagion.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.