Bitcoin recovers 200-week SMA, but analyst warns bear market not over. Historical patterns, on-chain data and macro conditions suggest Q4 bottom. BTC cycle low is likely "a matter of months rather than weeks away."

Benjamin Cowen says Bitcoin's rebound above $64,000 after a softer U.S. inflation report still fits the 2018 bear market pattern rather than signaling a new bull market.

Bitcoin recovers 200-week SMA, but analyst warns bear market not over. Historical patterns, on-chain data and macro conditions suggest Q4 bottom. BTC cycle low is likely "a matter…