Ben Cowen, Founder and CEO of Into The Cryptoverse, suggests a 70% drop in Bitcoin's price is possible, aligning with historical bear market patterns. Cowen estimates only a 25% chance that Bitcoin's current cycle bottom is in, with historical trends indicating further declines are more likely. He highlights that Bitcoin typically bottoms below its realized price at the end of bear markets, a level it is approaching. Cowen also notes that Bitcoin is likely to break below the $60,000 mark later this year, though this drop may be brief. He considers a new all-time high for Bitcoin this year very unlikely, citing declining social interest and retail participation since 2021 as factors impacting market dynamics. Understanding historical price movements and market cycles is crucial for navigating Bitcoin's potential trajectory.