There have been bullish predictions for Bitcoin for a long time, but now bearish rhetoric is beginning to emerge.
At this point, IntotheCryptoverse founder Benjamin Cowen predicted that Bitcoin could drop by 70% in the next bear market.
He noted that Bitcoin follows the traditional four-year bear pill cycle based on half, predicting that Bitcoin could drop by up to 70% after it reaches an all-time high on the next bear market.
Cowen said there is no certain scenario for such a major decline, but historical data suggests a similar decline.
In this connection, Cowen said that Bitcoin has experienced a decline of 94%, 87% and about 77% in past cycles, respectively, and that there is no difference in this cycle.
“There’s no need to be different this time,” the analyst said he warned investors about the possibility of a sharp 70% decline.
Cowen said Bitcoin will recover first and peak at its peak, although he expects a sharp drop.
At this point, Cowen said he believes that this cycle follows a similar pattern if Bitcoin showed an uptrend in the fourth quarter.
Cowen said it would make profits with the fourth quarter rise, adding that it could wait until mid-2026 to re-enter the market.
Ethereum (ETH) is more likely to rise!
Finally, Cowen shared an analysis of Ethereum (ETH) that said that Ethereum could remain vulnerable to Bitcoin in the short term, but could recover towards the end of the market cycle.
At this point, analysts said ETH will “struggle” with Bitcoin for several more weeks, but will outperform towards the end of the cycle.
“It seems Ethereum is likely to outperform from now until the end of the cycle.”
*This is not investment advice.
