Pessimistic picture for Bitcoin from Benjamin Cowen: "Like coming down the stairs..."

Benjamin Cowen, who stated that he had been expecting Bitcoin to fall in the 4th quarter of this year for a long time, but said "I was wrong" with the sharp rise in August, started to hold on to the decline scenario once again.

Cowen, who shot a short and updated video after the Bitcoin decline at night, said that he expects the declines to decrease gradually in the coming period:

“We are back in the bull market support band”

Cowen stated that he thought Bitcoin had still not found the bottom as of the last quarter of the year and used the following statements:

"Actually, I mentioned this. We always talked about it in these broadcasts. S&P, Nasdaq, Ethereum, TOTAL3... They all came to the bull market support band. We were expecting Bitcoin to come too, and it came. There may be a reaction rise from these points, but I think it will lose these levels as well. I think the reason for this is that Bitcoin remained weak in the 4th quarter during the midterm elections... We see the same story again."

“It will move like a ladder”

Stating that the current movement is a gradual decline, the famous analyst gave the example of a ladder:

"First the price falls, people panic, and then the price goes up again. And this keeps repeating itself. We are experiencing a staircase-like decline. We are falling gradually. We also lost the peak price of May. This is, for me, a sign that the decline will continue further..."