Cryptocurrency analyst Benjamin Cowen suggests that Bitcoin might experience a 70% drawdown in the next bear market, indicating that such a significant decline is not guaranteed but is supported by historical trends. Previous bear market cycles have seen Bitcoin drawdowns of 94%, 87%, and 77%, warranting caution for investors. With predictions of Bitcoin reaching as high as $250,000 by the end of the year, a 70% drop could bring its price down to approximately $75,000. Cowen advises that if Bitcoin appreciates significantly towards the end of the year, he will consider taking profits and might wait until mid-2026 to reinvest. While he anticipates a rush in the market, he emphasizes the importance of recognizing the potential for a sudden peak. In addition, Cowen believes Ethereum will outperform Bitcoin as the market cycle progresses, although it may initially struggle in the coming weeks.

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