Bitcoin falls below $80,000 as analyst Benjamin Cowen flags two steps of bearish Q4 roadmap completed

Bitcoin dropped below $80,000 on Monday, with analyst Benjamin Cowen marking two of nine steps on his 2026 bearish roadmap as completed: a weekly close below $83,000 and a fakeout on October 25. The roadmap's next steps depend on scheduled macro events this week, specifically the Federal Open Market Committee's October 28 decision and the October 29 Personal Consumption Expenditures price index release.