Why Is Bitcoin Suddenly Exploding? Will The Rally Continue? | Ben Cowen

Summary

Benjamin Cowen discusses Bitcoin's sharp rally after Treasury buyback news, arguing it was driven by a short squeeze with limited whale follow-through. He treats the 50-week moving average near 80-81k as the key technical line, while maintaining a historical case to accumulate Bitcoin in the second half of the midterm year. He also sees continued strength in energy, a long-term bullish setup for gold, persistent Bitcoin dominance, and risk of another stock-market correction before year-end.

• Bitcoin rallied about 25% since August 19, tied to Treasury buyback news and a short squeeze.
• The key technical marker is whether Bitcoin can hold weekly closes above the 50-week moving average near 80-81k.
• Cowen still favors accumulating Bitcoin through the second half of the midterm year for a potential bull run into 2027-28.
• Whale activity indicators show less accumulation than prior major Bitcoin lows.
• Energy just hit new all-time highs and he remains bullish on the sector.
• Gold is viewed as long-term bullish with a likely higher low if a broad correction occurs.
• Bitcoin dominance remains in an uptrend; altcoin season likely requires a parabolic Bitcoin rally first.
• Stock market may face another midterm-year correction before the end of 2026.