Benjamin Cowen Sees Mid-November Bitcoin Low If Pattern Holds

Analyst Benjamin Cowen is watching mid-November for Bitcoin’s next local low, provided a recent chart pattern continues; his possible local-high window is conditional on the same pattern.

Cowen’s chart compares Bitcoin (BTC) price moves around the 21st of each month. The sequence covers only a few months, and the August rally continued into Sept. 3, making the pattern uneven.

That short record does not establish a recurring calendar effect. Cowen gave no exact date or dollar figure for the potential low.

The possible high window runs from Oct. 21 to Nov. 3. The Federal Reserve’s scheduled Oct. 27-28 meeting and the Nov. 3 federal general election both come before the possible low window. The election also featured in earlier Bitcoin scenarios around the U.S. midterms.