ChainCatcher report: Benjamin Cowen, founder of ITC Crypto, posted that Bitcoin closing above $83,000 this week indicates that bulls remain in control, and bears still need to prove that market dominance has shifted. Cowen noted that, based on his past experience, dollar-cost averaging in the second half of U.S. midterm election years has been an effective strategy, having worked in both 2018 and 2022, and he hopes it will also succeed in 2026.
ITC Crypto Founder: Bitcoin's weekly close above $83,000 indicates bulls remain in control.
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Summary
Bitcoin news: ITC Crypto founder Benjamin Cowen said Bitcoin’s weekly market report showing a close above $83,000 signals that bulls remain in control. He added that bears must prove a shift in leadership. Cowen also noted that dollar-cost averaging in the second half of U.S. midterm years was effective in 2018 and 2022, and he expects a similar pattern in 2026.
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