Bitcoin Hits $80k: Is All-Time High Next? | Ben Cowen

Bitcoin’s recent 25% rally, triggered by Treasury bond buyback announcements, faces critical sustainability tests as it approaches the 50-week moving average. While the move reflects a significant short squeeze, the lack of substantial whale activity—unlike previous cycle bottoms—suggests that spot demand may not yet be sufficient to signal a definitive bull market. Historical midterm year patterns indicate that markets often face Q4 volatility, necessitating a cautious, risk-averse approach to accumulation. Benjamin Cowen, founder of IntoTheCryptoverse, emphasizes that while long-term cyclical trends remain a valuable guide, short-term price action behaves like a random walk. Investors should monitor weekly closes above the 50-week moving average as a key indicator to determine whether the current low holds or if further downside, potentially testing realized price levels, remains likely before the next major cycle begins.