Benjamin Cowen predicts a 70% collapse of bitcoin

Crypto analyst Benjamin Cowen has warned that the next bear market could see bitcoin BTC $115,571.00 Mezo Wrapped BTC -1.46% Market capitalization $42.42 million VOL. 24 hours $1.17 billion fall by 70% from its new all-time high. According to him, the previous cycles have already shown significant drawdowns — by 94%, 87%, and about 77%.

If the forecasts for BTC’s growth to $ 250,000 come true, a 70% drop from this mark would bring the price down to about $ 75,000. Cowen noted that he is ready to take profits in stablecoins if the market «takes off sharply» in the fourth quarter and return no earlier than mid-2026.

At the time of the news publication, Bitcoin was trading at around $ 117,010, up 3.41% month-on-month and 88% year-on-year. The analyst added that investors should prepare for another strong growth, but do not forget that the peak price may come unexpectedly when the market is in euphoria.

Regarding Ethereum ETH $4,480.99 Bridged Ether (StarkGate) -2.53% Market capitalization $0.1 billion VOL. 24 hours $1.51 billion , Cowen expects short-term weakness against BTC in October, but predicts that it will continue to outperform bitcoin until the end of the current cycle. Over the past 30 days, the ETH/BTC ratio has increased by 8.56%.

Other experts also differ in their estimates. Canary Capital CEO Stephen McClurg suggests that BTC may rise to $ 140,000−150,000 this year, after which a new decline will follow. At the same time, MicroStrategy co-founder Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor said in June that «there will be no more crypto zooms.»