Bitcoin Accrual Phase Confirmed as Analyst Stands by Bullish Outlook

Crypto analyst Benjamin Cowen's prediction that Bitcoin would enter an accumulation phase in July has been confirmed by the asset's recent price action.

The low point of $44,000 on July 1 is still standing seven weeks later, and the accumulation phase he flagged at that time appears to be underway.

Cowen had previously told his followers to sit out Bitcoin entirely in the first half of this year, a stance that drew skepticism as the asset ground lower through the spring.

He still cautions that there is a 'decent chance' of a Q4 retracement toward roughly $44,000 in a late-October window, but notes that such a dip would not derail his broadly bullish outlook for Bitcoin price, adoption, and momentum into 2027.