Bitcoin closed the week above $83,000, indicating that bulls remain in control of the market according to ITC Crypto founder Benjamin Cowen. Cowen stated that bears must still demonstrate a definitive shift in market dominance before the current bullish structure is invalidated.
Cowen also highlighted the historical effectiveness of dollar-cost averaging during the second half of U.S. midterm election years. He noted that this strategy proved successful in both 2018 and 2022, suggesting it may yield similar results in 2026 based on past market cycles.
Bitcoin Weekly Close Above $83,000 Signals Bull Control, Analyst Says
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