Cryptographic investors sidelined Bitcoin this year could still have another chance of accumulating, with a cryptographic analyst predicting that Bitcoin could drop up to 70% in the next bear market.
However, crypto analysts are divided into the place where Bitcoin then heads. Some say that a lowering market is still far away, while others think it could happen much earlier.
“I might say a 70% draw of everything that ends all time,” said Cowen in Kyle Chasse in an interview published Thursday, noting that the markets of the previous cycle saw Bitcoin (BTC) prints of 94%, 87% and around 77%.
“Should it happen?” No, but you know, the story would at least warn us to believe at least that it could. ”
It would be a steep drop of $ 250,000 Bitcoin
With some Bitcoin defenders, such as the co-founder of Bitmex Arthur Hayes, projecting prices up to $ 250,000 by the end of this year, a drop of 70% would drop it to around $ 75,000.
Cowen said: “If we start screaming above in the fourth quarter for me, it will be just as, okay, this time is not different, I will simply recover the profits from the stables.” He added that he can wait until mid-2026 to return.
Bitcoin is negotiated at $ 117,010 at the time of publication, up 3.41% in the last 30 days, according to CoinmarketCap.
Cowen said market participants should expect another strong rally, but not to underestimate the speed with which it could peak.
“Obviously, investors hope that we are going to wrap and enter this final rally in the top of the market cycle,” he said, adding that this should be the basic case.
“But if it starts to happen, remember that the summit could happen at any time, right? … No one will be as if it was the summit,” he said.
“Everyone is going to be euphoric if we start to see a movement,” he added.
ETH will surpass bitcoin towards the end of the cycle
Meanwhile, Cowen also expects Ether (ETH) to “fight” Bitcoin for a few more weeks, but said that he would ultimately surpass at the end of the cycle.
“Until the end of the cycle, Ethereum will probably surpass until the end,” said Cowen.
“I expect a weakness until October for Eth,” he added. The ETH / BTC ratio, which measures Ether’s relative force to Bitcoin, is up 8.56% in the last 30 days, according to TradingView.
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Some bitcoins say that the price of Bitcoin will always follow its typical four -year cycle, while others are not sure.
The director of investments in Bitwise, Matt Hougan, said: “I bet that 2026 is a year of increase.” “I largely think that we are in a few good years,” added Hougan.
The CEO of Canary Capital, Steven McClurg, recently said: “I think there is more than 50% chance that Bitcoin goes to the 140 to 150 range this year before seeing another bear market next year.”
Meanwhile, the executive president of the strategy Michael Saylor said in June: “Winter does not come back.”
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