In accordance with BitcoinSistemi, Benjamin Cowen, founder of IntoTheCryptoverse, has issued a warning about a potential 70% drop in Bitcoin's value during the next bear market. Cowen's prediction is based on Bitcoin's historical 4-year bear-bull cycle, which aligns with the halving events. He highlighted past declines of 94%, 87%, and approximately 77% in previous cycles, suggesting a similar pattern could occur. Despite the anticipated drop, Cowen expects Bitcoin to recover and reach a peak, potentially showing an uptrend in the fourth quarter. He plans to profit from this rise and may re-enter the market by mid-2026. Additionally, Cowen shared a bullish outlook for Ethereum (ETH), predicting it will outperform Bitcoin towards the end of the market cycle, despite short-term struggles.
Analyst Predicts 70% Bitcoin Drop, Bullish Ethereum Outlook by 2026
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.