Bitcoin may be approaching past low points... Cohen also presents the risk of further decline

Bitcoin has entered the time window historically associated with bear-market bottoms, according to analyst Benjamin Cowen’s October 30 report “Bitcoin and the Cycle Clock,” which compares the timing of past cycles with the current correction. The report cited weekly closes of $82,002 on October 18 and $80,048 on October 25, both below Cowen’s $83,000 short-term threshold. The analysis also outlined downside risks and the conditions that would invalidate its thesis. The comparison matters because it frames the current drawdown against prior cycle lows, with traders watching whether BTC can reclaim the $83,000 level and how the projected bottoming window develops.