Back in the fall of 2025, when almost everyone was calling for a final blow off top above $200K, Ben Cowen said the opposite. The top is in. A year long bear market is coming. Nine months later, he has been proven right.

Now he is back to give you the exact price target, the exact month he has circled on his calendar, and why the biggest Bitcoin treasury company on earth bleeding out might just be the thing that finally ends this bear market.

Here is what we get into:

• How Ben called the October top when everyone else was calling for $200K

• Why the four year cycle remains undefeated and why it has nothing to do with the halving

• The three stages of a bear market and why we just entered stage three

• Why October keeps showing up in the data no matter which indicator you use

• The MicroStrategy chart from last cycle that points to the exact same week in 2026

• Why the realized price at $53K and the balanced price at $38K are the two levels to watch

• Why the 200 day moving average is resistance until 2027

• How volume spikes have ended every prior bear market and why we have not seen one yet

• Why narratives follow price and not the other way around

• Why a stock market correction in August or September could be the catalyst that unlocks rate cuts

• Why the people who end bear markets are always forced sellers, not willing ones

• Why social interest in Bitcoin is down 10x from the 2021 peak and what that tells you about timing

• Why Ben is already okay with starting to accumulate at current prices

He is not a perma bear. He is just following the data. And the data says October.

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