Bitcoin's 2026 Market Cycle Mirrors 2018 Exactly, Says Analyst Benjamin Cowen; June Low at $57,000

According to analyst Benjamin Cowen, Bitcoin's 2026 market cycle is mirroring 2018 on an identical timeline. The June 2026 low reached $57,000—exactly ten times the $5,700 low seen in late June 2018. Cowen's charts show that price movements since the beginning of the year, including a February local low, rising lows in March and April, a May rejection from the 200-day moving average, and a June dip below the previous low, occurred on the same schedule in both years.

Cowen noted that July typically opens a short-term strengthening window for cryptocurrencies, with weakness likely returning in August and September. Regarding the cycle bottom, the analyst predicted the new market low will likely arrive in October 2026, aligned with the four-year cycle pattern.