Benjamin Cowen, founder of IntoTheCryptoverse, has predicted a potential 70% drop in Bitcoin's value during the next bear market, according to BitcoinSistemi. Cowen's forecast is based on Bitcoin's historical 4-year bear-bull cycle, which coincides with halving events. He noted past declines of 94%, 87%, and approximately 77% in previous cycles, suggesting a similar pattern could emerge. Despite the anticipated drop, Cowen expects Bitcoin to recover and peak, with a possible uptrend in the fourth quarter, and plans to re-enter the market by mid-2026.
In addition to his Bitcoin outlook, Cowen is bullish on Ethereum (ETH), predicting it will outperform Bitcoin towards the end of the market cycle, despite facing short-term challenges.
Analyst Forecasts 70% Bitcoin Decline, Bullish on Ethereum by 2026
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