Bitcoin Q4 Bearish Outlook Challenged as Market Momentum Shifts

ITC Crypto founder Benjamin Cowen has questioned the bearish outlook for Bitcoin in the fourth quarter, noting that current technical indicators favor the bulls. With BTC prices now within 1% of the May highs, Cowen suggests that historical patterns—where BTC typically surged 20% to 30% within weeks of crossing the 50-week moving average—may be tempered by seasonal factors and rising U.S. Treasury yields. Given Bitcoin's continued resilience, he argues that the prevailing Q4 bearish sentiment warrants a re-evaluation.