Crypto analyst Benjamin Cowen warned investors against a new wave of decline, stating that recent attempts at recovery in Bitcoin ($BTC) price may not be the beginning of a lasting uptrend. Commenting during a period when Bitcoin was trading just below $76,000, Cowen argued that a loss of the $74,900 level, in particular, could quickly pull the price down by 10 to 11 percent.
In a post published on his YouTube channel, Cowen stated that Bitcoin’s price movements in 2026 show significant similarities to past bear markets. According to the analyst, there is not yet enough evidence to show that the market has definitively formed a bottom.
$74,900 Level Could Be Decisive for Bitcoin
Cowen pointed out that Bitcoin has exhibited similar price behavior in recent weeks. According to the analyst, $BTC shows an increase in the early days of the week but gives back its gains in the following days. The fact that the price fell back below $76,000 after rising to $81,000 supports this view.
