Bitcoin’s (CRYPTO: BTC) price action in 2026 has closely mirrored the 2018 bear market roadmap, with crypto analyst Benjamin Cowen projecting a market bottom by October.
Why BTC Follows the 2018 Roadmap
In a podcast on July 14, Cowen said Bitcoin’s current bear market continues to closely resemble the 2018 cycle from a structural standpoint, even as macro conditions more closely resemble the 2019-2020 period.
Cowen pointed to several similarities between the two cycles, including a February low, a higher low in late March or early April, a lower high in May and a sweep of the February lows in late June or early July.
He added that the current market reflects 2018 from a four-year cycle perspective and 2019 from a business cycle perspective.
