Analysis: Bitcoin weekly close above $83,000, bulls remain in control

BlockBeats news, October 12: Benjamin Cowen, founder of the crypto market research platform ITC, posted that Bitcoin's weekly close above $83,000 means bulls remain dominant, and bears still need to prove that a shift in market control has occurred.

Cowen said that based on his past experience, adopting a dollar-cost averaging (DCA) strategy in the second half of U.S. midterm election years is appropriate. This strategy worked in both 2018 and 2022, and he hopes it will also work in 2026.