Ben Cowen Says Bitcoin Has 65% Chance of Extending Bear Market, Watching $53,000

Analyst Ben Cowen estimates a 65% probability that Bitcoin’s bear market will extend, identifying $53,000 as a key level to monitor. A sustained move below that area could signal further downside and weaken expectations for a near-term recovery. The outlook underscores continued bearish risk and the need for confirmation from Bitcoin’s price action around this support zone.