Into The Cryptoverse founder Benjamin Cowen acknowledged that his bearish Bitcoin outlook was wrong after BTC climbed above $85K. On Sept. 8, Cowen had estimated a 65% probability that Bitcoin’s cycle low had not yet occurred and said the low was likely to arrive in the fourth quarter, particularly October. In some scenarios, he had projected that Bitcoin could fall as low as $44K, but said he would not make excuses for the incorrect view.