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Benjamin Cowen: Bitcoin: The Bulls Vs. The Bears

Bitcoin: The Bulls Vs. The Bears TL;DR

This deep-dive pits the eternal optimists against the skeptics by breaking down Bitcoin’s cycles—from a historical top-timing framework and missing euphoria (with 2019 vibes) to macro policy shifts that could shape a 2026 rally or slump. Along the way, we nerd out on time-based metrics, moving averages and even use MicroStrategy’s massive BTC stash as a real-world proxy for market behavior.

We also map out euphoria indicators (because FOMO vs. FUD is half the fun), weigh ISM data against retail apathy, and draw parallels to the dot-com boom. In the end, it’s an informal playbook to reconcile why bulls see $100K+ and bears warn of a hard pullback—plus some closing thoughts on when we might finally hit peak hype.

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