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Bitcoin holds $64,000 but analyst says market bottom is months away, not weeks.

Market News
16 Jul 2026
Benzinga
View Source
Neutral
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Bitcoin has recovered to around $64,400 after dropping near $57,000 earlier this summer, reclaiming its 200-week moving average. Analyst Benjamin Cowen warns this rebound doesn't end the bear market yet, predicting the cycle low will come in the fourth quarter based on historical patterns and on-chain data. Key risk indicators show signs of bottoming but have not fully reset, and ETF outflows continue. A sustained move above $86,500 would challenge the bear market view, but for now, the bottom is expected in months, not weeks.

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