Crypto analyst Benjamin Cowen predicts Bitcoin will hit a major peak in late 2025, followed by a downturn in 2026. Drawing on historical patterns from previous cycles, Cowen notes that Bitcoin's peaks often occur in the fourth quarter after U.S. presidential election years, with subsequent declines. He also anticipates brief rallies for altcoins like Ethereum and Solana before a broader market weakening. Cowen highlights Bitcoin's dominance index and the 50-week moving average as crucial indicators. He projects Ethereum could reach $5,000–$7,000 before a 2026 decline, while Solana's trajectory may mirror Ethereum's past cycle. Despite muted retail interest and potential challenges from high interest rates, Cowen suggests a more accommodative Federal Reserve stance post-2026 could support future crypto growth.