Bitcoin bounces back strong, analyst Benjamin Cowen admits he was wrong: 'I was wrong, I deserve the mockery' Crypto analyst Benjamin Cowen posted admitting his earlier misjudgment of Bitcoin's trend, saying: 'I was wrong, no excuses, I deserve the mockery.' Previously, based on the four-year cycle theory, Cowen predicted that Bitcoin's bottom this cycle would most likely appear in October 2026, with a low probability of breaking the May high. He even gave a 65% chance that the price would hit new lows. However, with Bitcoin's recent strong rebound, the price has already surpassed the previous May high and surged to around $85,000 to $86,000, disproving his bearish prediction. This public apology tweet quickly garnered over 2.8 million views.