BTC Tracking 2018 Bear Market PlaybookIn a podcast on July 15, crypto analyst Benjamin Cowen says the move remains consistent with the 2018 bear market playbook rather than the start of a new bull run."Bitcoin is still kind of tracking what it normally does in midterm years," Cowen said.He added that Bitcoin historically bottoms in late June or early July during midterm years, rebounds through July and then weakens again in late July or August before reaching its final bear market low.Cowen pointed to Bitcoin’s historical July performance during previous midterm years:
2018: Nearly 40% gain in July.
2022: Around 20% gain.
2026: Already up roughly 10% this July.
