Bitcoin's recent surge to $82,800 has not altered the bearish outlook of Benjamin Cowen, CEO of Into The Cryptoverse, who maintains that the cryptocurrency's four-year cycle pattern remains intact. Cowen highlights a recurring rejection at the 200-day simple moving average, similar to patterns observed in 2018 and 2022, suggesting a potential further decline. He notes that past countertrend rallies have lasted over 20 weeks, while the current rally has only spanned 16 weeks, indicating that Bitcoin may not have reached its bottom yet. Cowen argues that Bitcoin's peak at $126,200 in October 2025 aligns with the expected cycle window, reinforcing the likelihood of a bottom occurring towards the end of 2026, consistent with past cycles. He anticipates a significant decline beginning in May or June, potentially dropping Bitcoin below the February low of $60,000. This view contrasts with other analysts, such as Sykodelic, who predict a rise above $90,000 in June, highlighting a split in market sentiment.