Bitcoin Feels Like 2019 Again — Ben Cowen’s Warning for 2026

In this interview, Benjamin Cowen explains why Bitcoin isn’t rallying with gold and the S&P 500, why the current cycle feels like 2019, and what macro headwinds could shape BTC through 2026. We discuss the four-year cycle, monetary policy, altcoins, and what may come next for Bitcoin. 00:00 Intro: Bear market, different top 00:30 Why BTC lags gold & S&P 00:54 2019 setup + low attention 04:13 Macro headwinds (top 3) 04:25 Unemployment signal 05:59 Rates vs 2Y yield 07:36 What BTC needs next 09:10 Four-year cycle debate 09:50 Cycle timing evidence 11:37 4-year cycle beyond BTC 13:00 “BTC leads liquidity” 14:10 “Better” bear market? 15:28 2026 rally → lower high 17:14 200W MA in 2026 18:05 2019 vs 2018 bear 20:21 No altseason: why 22:25 Altcoins: don’t baghold 23:29 2026 bottom window 24:33 ETH & SOL outlook 25:12 Outro Check out more of Benjamin Cowen's content on his YouTube channel: https://www.youtube.com/@intothecryptoverse Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.