Crypto analyst Benjamin Cowan predicts Bitcoin could drop below $57,000 before the end of 2024, following historical patterns seen in U.S. midterm election years. He notes that previous bear markets ended with a surge in trading volume, which has yet to appear this time. Cowan suggests a fresh low and high-volume selloff could reset market conditions for a stronger first half of 2027. However, if Bitcoin avoids this drop, the outlook could turn bullish, though current weakness aligns with past cycle trends.
Bitcoin price outlook is the subject, with Pluang market data providing context. As of Nov 13, 2026 07:31 WIB, 21 of 50 major cryptocurrencies rose while 28 fell. Notable movers include BAL at Rp16.297 (+11.14%), EOS at Rp12.649 (+8.13%), and ENJ at Rp386 (-6.31%) with a 5% sell / 95% buy order split on Pluang.
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