Crypto investors from Bitcoin this year may still get another chance to accumulate, with a crypto analyst predicting Bitcoin can fall 70% in the next bear market.
However, crypto analysts are divided into where the Bitcoin head is next. Some say a bear market is still far away, while others think it may be earlier.
“I will say maybe a 70% drawdown from whatever all the time ends,” Cowen said Kyle Chasse in an interview published on Thursday, noticing that previous Cycle Bear markets saw Bitcoin (Btc) drawdowns of 94%, 87%, and about 77%.
“Do you have to happen? No, but you know, history is at least cautious to us that somehow believes it may be.”
It will be a steep decline from $ 250k bitcoin
To some bitcoin advocates, such as Bitmex co-founder Arthur Hayes, who project prices as high as $ 250,000 at the end of this year, a 70% collapse will lower it to nearly $ 75,000.
Cowen said, “If we start screaming higher in Q4 for me, it will be simple, all right, this time is not different, I will just return the income to the stables.” He added that he could wait until mid 2026 to re -enter.
Bitcoin traded at $ 117,010 at the time of publication, up to 3.41% in the past 30 days, According to In coinmarketcap.
Cowen said market participants should expect another strong rally but not underestimate how fast it can peak.
“Obviously, investors hope we will go and enter the final rally in the top cycle of the market,” he said, adding that it should be a base case.
“But if it starts to happen, just remember the top can happen at any moment, right? … nothing like the top,” he said.
“Everything will be euphoric if we start to see a move,” he added.
Eth will exceed bitcoin until the end of the spin
Meanwhile, Cowen also expects Ether (Eth) in the “struggle against” bitcoin for a few more weeks, but said it will eventually get to the end of the cycle.
“Until the end of the spin, the Ethereum is likely to be overcome from now on to the end,” Cowen said.
“I look forward to the weakness until October for ETH,” he added. The ratio of the ETH/BTC, which measures the relative -child ether in Bitcoin, has risen to 8.56% in the past 30 days, According to In tradingview.
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Some Bitcoiners say the price of Bitcoin will still follow the average four -year cycle, while others are unsure.
Bitwise chief investment Officer Matt Hougan said“I bet 2026 is an up year.” “I widely thought we were in a good year,” Hougan added.
Canary Capital CEO Steven McClurg recently said“I think there’s a greater than 50% chance that Bitcoin goes to 140 to 150 scope this year before we see another bear market next year.”
Meanwhile, meanwhile Strategy Executive Chairman Michael Saylor said in June, “Winter will not return.”
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