Waited for Bitcoin’s Bottom in October? Benjamin Cowen Admits He Was Wrong

Analyst Benjamin Cowen, known for leading Into The Cryptoverse, publicly admitted on Monday, September 14, 2026, that he was wrong in predicting a Bitcoin bottom in October of last year. The acknowledgment came after the leading cryptocurrency broke through the $85,000 mark, triggering mass liquidations of short positions and surprising investors who were waiting for a deeper correction.

Predictions Outpaced by Bitcoin’s Performance

Cowen, who gained followers for his cycle-based and on-chain metric analyses, had suggested in 2025 that Bitcoin could reach a significant bottom in October, foreshadowing a sharp drop before any recovery. However, BTC’s recent movement contradicted this thesis: instead of falling, the asset began an upward trajectory that culminated in the historic break above $85,000.

This result not only invalidated the bearish outlook but also forced the liquidation of many short positions, further intensifying the rally and adding extra volatility to the market. For Cowen, the turnaround marks a turning point, showing how supply, demand, and sentiment dynamics can override even the most careful analyses.

The Role of Analysis and the Impact for Investors

Cowen’s admission highlights the risks of relying solely on predictions, even from respected experts. Bitcoin, notorious for its volatility, often defies expectations, making risk management a central aspect for anyone operating in the sector.

For investors, the episode serves as a warning about the need to diversify information sources and strategies, as well as to constantly monitor macroeconomic conditions and institutional moves that influence the crypto market. BTC’s recent history shows that even in bull cycles, abrupt moves can surprise both analysts and experienced traders.

Market Context and Next Steps

Bitcoin’s rise above $85,000 comes amid a backdrop of growing institutional adoption, regulatory advances in major economies, and increased interest in crypto ETFs. The current scenario suggests that liquidity and risk appetite remain high despite global uncertainties.

This new price level also reopens discussions about possible next resistances and how far the current rally can go. Analysts are now trying to determine whether the recent move marks the start of a new bull cycle or just a temporary peak, reinforcing the importance of daily market monitoring.

What to Watch Next

With expectations broken and Cowen’s admission, the market’s focus should shift to Bitcoin’s next support and resistance levels, as well as institutional responses to volatility. Investors are also watching the performance of correlated altcoins and possible new flows into the DeFi sector, which often benefits during optimistic phases.

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With information from BeInCrypto Brazil.

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Alexandre Bianchi

Fundador da Bianchi Capital e do Zayion AI. ~10 anos no mercado de ativos digitais, autor de referência e presença na mídia.

Autor de “O Manual do Criptoinvestidor”Presença na RedeTVPublicado no Terra+150 mil seguidores

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